MCQOPTIONS
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| 1. |
Which of the following relationships is/are false? |
| A. | Net Profit = Gross Profit – Administration and Other expenses |
| B. | Net Profit = Gross Profit + Administration expenses and Other expenses |
| C. | Opening Stock + Purchases – Closing Stock = Cost of Sales |
| D. | Both (b) and (c) above |
| Answer» E. | |