Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please I don't want a Google solution because the teacher will give me a zero I want a solution with a computer line, please pleas

Please I don't want a Google solution because the teacher will give me a zero
I want a solution with a computer line, please
pleas answer all questions thank you
Calculate the cost of goods sold and gross profit and net profit from the following details.
Particulars Amount (OMR)
Stock (01-01-2018) 12,000
Purchases 50,000
Purchases Returns 3,500
Direct Wages 4,000
Office Salaries 2,800
Carriage inwards 2,400
Depreciation on Fixed assets 600
Office expenses 1,600
Stock (31-12-2018) 18,000
Sales 68,000
Sales Returns 2,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bucks The Next Step Advanced Medical Coding And Auditing

Authors: Elsevier

1st Edition

0323874118, 978-0323874113

More Books

Students also viewed these Accounting questions