Question

Match the following:

(i)	Selling Expenses + Administrative Expenses	(a)	Operating Profit
(ii)	Gross Profit − Operating Expenses	(b)	Operating Expenses
(iii)	Net Purchases + Carriage Inwards	(c)	Cost of Revenue from Operations

Choose the Correct Option:

Options

• (i) - (c), (ii) - (a), (iii) - (c)

• (i) - (b), (ii) - (a), (iii) - (b)

• (i) - (b), (ii) - (a), (iii) - (c)

• (i) - (b), (ii) - (c), (iii) - (b)

Answer 1

(i) - (b), (ii) - (a), (iii) - (c)

Explanation:

(i)	Selling Expenses + Administrative Expenses	(b)	Operating Expenses
(ii)	Gross Profit − Operating Expenses	(a)	Operating Profit
(iii)	Net Purchases + Carriage Inwards	(c)	Cost of Revenue from Operations