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Answer Posted / chandu
gross profit means (Purchase-p.returns)- (sales-s. returns)-
closing stock. for example.
particulars amount. particulars amount
Purchae xxx Sales xxx
(-)p.returns xxx xxxx (-)s.returns xxx xxxx
Fright inwards xxxx Closing Stock xxxx
Gross profit xxxx Gross Loss xxxx
| Is This Answer Correct ? | 7 Yes | 3 No |
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