Question : Cost of Revenue from Operations -
Option 1: Revenue from Operations – Net Profit
Option 2: Revenue from Operations – Gross Profit
Option 3: Revenue from Operations – Closing Inventory
Option 4: Purchases – Closing Inventory
Answer (1)
15th Jan, 2024
Correct Answer: Revenue from Operations – Gross Profit
Solution : Cost of revenue from operations = Opening inventory + Purchases + Direct expenses - Closing inventory .
In other words it is Revenue from Operations – Gross Profit
Hence the correct answer is option 2
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