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If the opening inventory of a business decreased from the previous year, it will?

(a) Increase Gross Profit and decrease Net profit.

(b) Decrease Gross Profit as well as Net Profit.

(c) Increase value of assets.

(d) Increase Gross Profit as well as Net Profit.

Accounting
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Question added by Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate
Date Posted: 2015/03/14
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VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option >>>>>>>>>>>>>>>>> (d) Increase Gross Profit as well as Net Profit.

Anas Dawah
by Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

B- 

decrease both net profit and Gross Profit 

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