Which of the following equations is correct??

Accounting Mcqs
BILAL KHATTAK0

A. Gross Profit Sales Direct expenses Purchases Closing stock = Opening stock
B. Gross Profit Sales Direct expenses Purchases- Closing stock = Opening Stock 
C. Gross Profit Opening Stock Direct expenses Purchases- Closing stock = Sales 
D. Gross Profit – Opening Stock Direct expenses Purchases Closing stock = Sales

Related Mcqs:

  1. Which of the following relationships is/are false??
  2. Gross Profit is equal to_________??
  3. The balance of which of the following accounts do not disappear, once they are debited/credited to Trading Account??
  4. Sundry debtors as per Trial Balance is 43,000 which includes 2,200 due from ‗H in respect of goods sent to him on approval basis, the cost price of which is 1,800. Rectification would involve:?
  5. A few errors committed in Ahhiwalia’s books of account are given below. State which errors would affect the Trial Balance.?
  6. Consider the following data pertaining to the production of a company for a particular month :?
  7. If goods worth 1,750 returned to a supplier is wrongly entered in sales return book as 1,570, then?
  8. Sales and purchase journal don’t record__________??
  9. The financial position of a company is considered to be sound if
  10. Total sales less cost of manufacturing gives

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