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Which of the following best describes 'gross profit'?a)Profit after deducting all operating expensesb)Profit before deducting any expensesc)Profit after deducting direct expenses but before indirect expensesd)Profit after deducting taxesCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following best describes 'gross profit'?a)Profit after deducting all operating expensesb)Profit before deducting any expensesc)Profit after deducting direct expenses but before indirect expensesd)Profit after deducting taxesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following best describes 'gross profit'?a)Profit after deducting all operating expensesb)Profit before deducting any expensesc)Profit after deducting direct expenses but before indirect expensesd)Profit after deducting taxesCorrect answer is option 'C'. Can you explain this answer?.

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