What is GP?
Answers were Sorted based on User's Feedback
Answer / tarun aggarwal
GP IS THE DIFFERANCE BETWEEN SALES REVENUE AND COST OF GOODS
SOLD
SALES MEANS-GROSS SALES MINUS SALES RETURN
COST OF GOODS SOLD-OPENING STOCK+PURCHASES+DIRECT
EXPENSES-CLOSING STOCK
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / anup
Gross profit is credit balance of trading a/c. is the
difference between sales revenue and cost of goods sold.
Is This Answer Correct ? | 5 Yes | 2 No |
Answer / rohit
Gross profit is a credit balance of Trading A/c. Its
include all the direct expenses and incomes. Its also
include Opening profit and closing profit, sales(minus
sales return), purchases (Minus Purchases return.
Rohit24pant@yahoo.co.in
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / a.sampathkumar
Gross profit is a credit balance of Trading A/c. Its
include all the direct expenses and incomes. Its also
include Opening profit and closing profit, sales(minus
sales return), purchases
Is This Answer Correct ? | 1 Yes | 0 No |
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