Financial State...

Operating profit is also known as operating income, or earning before _______.

_______ is the income earned from the core operations of a business, excluding any financing or tax-related issues.

Ascertain gross profit from the following figures.

When sale is $$Rs. 48,00,000$$, gross loss is $$25$$% on cost, purchase is $$Rs. 35,00,000$$ and closing stock is $$Rs. 6,00,000$$ the stock in the beginning would be _________. 

Which of the following is correct?

Final accounts include preparation of_______.

Sales + Closing stock - purchases - Gross profit = ____________.

If sales are $$Rs. 6,00,000$$; Gross profit is $$1/3$$ on cost; Purchases are $$Rs. 4,90,000$$ and the Closing stock is $$Rs. 90,000$$, then the opening stock will be_________. 

Given that:
$$M = Opening\ Stock$$
$$N = Purchases$$
$$O = Closing Stock$$
$$P =$$ Cost of goods sold
The correct equations will be:

The correct sequence in preparation of periodical financial statement would be.
$$1$$. Preparation of balance sheet
$$2$$. Preparation of cash flow statement
$$3$$. Preparation of trial balance
$$4$$. Preparation of Profit & Loss A/c
Select the correct answer from the options given.