Question

While calculating Gross Profit, if net profit is given,___

• A. It can be converted into gross profit by adding interest expense to it
• B. It can be converted into Gross profit by adding interest income
• C. It can be converted into Gross profit by deducting wages
• D. All of these

Answer 1

The correct option is A

It can be converted into gross profit by adding interest expense to it

It can be converted into gross profit by adding interest to it