Basic Financial Accounting Short Questions: Which of the following is NOT true about Gross Profit?
Select one alternative:
A Gross Profit is Sales minus Cost of Goods Sold
B Gross Profit is found in the Balance Sheet
C Gross profit is Net profit plus Expenses
D Gross profit is part of the Trading account

Question

Which of the following is NOT true about Gross Profit? 
Select one alternative:
A Gross Profit is Sales minus Cost of Goods Sold
B Gross Profit is found in the Balance Sheet
C Gross profit is Net profit plus Expenses
D Gross profit is part of the Trading account

Gonza R · Accepted Answer

B Gross Profit is found in the Balance Sheet

Basic Financial Accounting Short Questions

Which of the following is NOT true about Gross Profit? Select one alternative: A Gross Profit is Sales minus Cost of Goods Sold B Gross Profit is found in the Balance Sheet C Gross profit is Net profit plus Expenses D Gross profit is part of the Trading account

B Gross Profit is found in the Balance Sheet

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