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<p><em><strong>a) Purchases returns </strong></em><em><strong>b) Sales returns </strong></em><em><strong>c) Cost of goods sold </strong></em><em><strong>d) Opening stock</strong> </em></p>
D
Gross profit = Sales - ( D + Purchases - Closing stock)
Answer: D
Regards,
Joshi Mathew
CIA #1036906
Op. Stock
OPTION D IS THE CORRECT ANSWER
ANSWER ( D )
Answer is opening stock formula // opening stock + purchases - ending stock = cost of good sales by enter formula of COGS formula // opening stock + purchases - ending stock = ( SALES- GROSS PROFIT )BY GETTING THE BEGINNING stock from this formula
Sales + Closing stock – Purchases – Gross profit
Sales + Closing stock – Purchases – Gross profit = ........................d) Opening stock
d- opining stock is the correct
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