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From course:

Basic Financial Accounting Short Questions

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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

Author: Gonza R



Answer:

B Gross Profit is found in the Balance Sheet


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Gonza R
Gonza R