Question
1. Give the following for ABC services: Gross profit, P400,000 which is 40% of net sales , sales discount is 5%, sales returns and allowances
1. Give the following for ABC services: Gross profit, P400,000 which is 40% of net sales , sales discount is 5%, sales returns and allowances is 7.5%.
Solve the following:
a. How much is the net sales?
b. How much the Sales Returns and Allowances?
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Management Accounting Text Problems And Cases
Authors: M Y Khan, P K Jain
6th Edition
125902668X, 978-1259026683
