Which of the following equations is correct?
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A. Gross Profit Opening Stock + Direct expenses + Purchases +Closing stock = Sales
B. Gross Profit+ Sales+ Direct expenses+ Purchases- Closing stock = Opening Stock
C. Gross Profit+ Sales+ Direct expenses+ Purchases+ Closing stock = Opening stock
Found an error? Read our corrections policy and submit a sourced correction below. You can also share a useful explanation in your own words.