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what is gross profit?

Answer Posted / chandu

gross profit means (Purchase-p.returns)- (sales-s. returns)-
closing stock. for example.

particulars amount. particulars amount

Purchae xxx Sales xxx
(-)p.returns xxx xxxx (-)s.returns xxx xxxx

Fright inwards xxxx Closing Stock xxxx

Gross profit xxxx Gross Loss xxxx

Is This Answer Correct ?    7 Yes 3 No



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