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Gross profit of a trading concern

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 October 2012
to arrive the gross profit of a trading business, which of the following formula i applied?

sales-(os-purchase-closing stock)
sales-(Os+puch+cs)
sales-(op+purc-cs)
sales-(os-purch+cs)
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CA Manish

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CA Manish (Expert)
19 October 2012 Sales - (os+pur-cs)
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SANYAM ARORA

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SANYAM ARORA (Expert)
19 October 2012 Third Option is correct
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
19 October 2012 Sales-Opening stock-Purchases+closing stock. I.e Third option of you.

OM SAI SRI SAI JAI JAI SAI
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