If value of opening inventories increases, what happens to the value of gross profit?

Related MCQs

• Determine stock turnover ratio if, Opening stock is Rs 31,000 , Closing stock is Rs 29,000, Sales is Rs 3,20,000 & Gross profit ratio is 25% on sales.
• What will be the Gross Profit if , total sales is Rs 2,60,000,cost of net goods sold is Rs 2,00,000 & sales return is Rs10,000 ?
• Sales – Gross Profit = .
• If sales is Rs 5,00,000 & net profit is Rs 1,20,000 Net profit ratio is
• Share premium, share forfeited, profit and loss account, balance of profit are the examples of…
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• Which of the following is measured by profit margin?
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