Question
2) Gand Bros. Sells goods on cash and credit terms and also purchased goods on cash and credit terms. The following particulars are obtained from
2) Gand Bros. Sells goods on cash and credit terms and also purchased goods on cash and credit terms. The following particulars are obtained from their books.
| Particulars | Amount ($) | ||
| 500,000 | ||
| 40,000 | ||
| 20,000 | ||
| 80,000 | ||
| 20,000 | ||
| 1,000 | ||
| 300,000 | ||
| 50,000 | ||
|
| ||
| 60,000 | ||
| 20,000 | ||
| 50,000 | ||
| 40,000 |
Gross Profit - $ 100,000 and Fixed Assets $ 10,00,000
Answer the following Mention question by refer the above mention Table:
What is a Cost of sale?
What is ratio of stock Turnover?
What is a net sale?
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Cost Accounting Theory And Practice
Authors: R. Palaniappan, N. Hariharan
1st Edition
9380578342, 978-9380578347
