Answer / pathi

gross profit

Answer / hala

Gross profit=Sales revenue-cost of goods sold

Answer / tarun aggarwal

GP IS THE DIFFERANCE BETWEEN SALES REVENUE AND COST OF GOODS
SOLD
SALES MEANS-GROSS SALES MINUS SALES RETURN
COST OF GOODS SOLD-OPENING STOCK+PURCHASES+DIRECT
EXPENSES-CLOSING STOCK

Answer / anup

Gross profit is credit balance of trading a/c. is the
difference between sales revenue and cost of goods sold.

Answer / rohit

Gross profit is a credit balance of Trading A/c. Its
include all the direct expenses and incomes. Its also
include Opening profit and closing profit, sales(minus
sales return), purchases (Minus Purchases return.
Rohit24pant@yahoo.co.in

Answer / a.sampathkumar

Gross profit is a credit balance of Trading A/c. Its
include all the direct expenses and incomes. Its also
include Opening profit and closing profit, sales(minus
sales return), purchases

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