Which of the following relationships is/are false??

Accounting Mcqs
BILAL KHATTAK0

A. Net Profit = Gross Profit – Administration and Other expenses
B. Net Profit = Gross Profit Administration expenses and Other expenses
C. Opening Stock Purchases – Closing Stock = Cost of Sales 
D. Both
B. and
C. above 

Related Mcqs:

  1. Which of the following equations is correct??
  2. Gross Profit is equal to_________??
  3. Consider the following data pertaining to the production of a company for a particular month :?
  4. Closing stock in the Trial Balance implies that______________??
  5. If goods worth 1,750 returned to a supplier is wrongly entered in sales return book as 1,570, then?
  6. The balance of which of the following accounts do not disappear, once they are debited/credited to Trading Account??
  7. Select the correct expression
  8. Total sales less cost of manufacturing gives
  9. In automobile ignition system contact breaker is used for
  10. 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:?

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