While calculating Gross Profit Ratio, | Faculties

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Ranjeet

🎓 Tutor III ⭐ 34.60K Points

📊 Management Accounting

Q. While calculating Gross Profit Ratio,

(A) Closing stock is deducted from cost of goods sold
(B) Closing stock is added to cost of goods sold
(C) Closing stock is ignored
(D) None of the above

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✅ Correct Answer: (A) Closing stock is deducted from cost of goods sold

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