MCQ Practice

Which of the following equations is correct?

Subject: AccountingTopic: Accounting
A

Gross Profit+ Sales+ Direct expenses+ Purchases+ Closing stock = Opening stock

B

Gross Profit+ Sales+ Direct expenses+ Purchases- Closing stock = Opening Stock

C

Gross Profit + Opening Stock + Direct expenses + Purchases- Closing stock = Sales

D

Gross Profit – Opening Stock + Direct expenses + Purchases +Closing stock = Sales

Correct Answer: C