Accounting · Financial Statements
Gross profit = Net sales – ______.
- 1Cost of goods sold✓
- 2Closing stock
- 3Total expenses
- 4Trade expenses
Correct answer
Cost of goods sold
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Financial Statements?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Financial Statements