Question

Pick out the wrong statement.

a.

Gross margin = net income - net expenditure

b.

Net sales realisation (NSR) = Gross sales - selling expenses

c.

At break even point, NSR is more than the total production cost

d.

Net profit = Gross margin - depreciation - interest

Answer: (c).At break even point, NSR is more than the total production cost

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Q. Pick out the wrong statement.

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