Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the followings are in the items of Cost of goods sold/ cost of sales when preparing Statement of profit or loss (SPL)?
Which of the followings are in the items of "Cost of goods sold/ cost of sales" when preparing Statement of profit or loss (SPL)? * Sales Returns outwards Purchases Returns inwards Rental income Rental received Commission Rent Interest received Discount allowed Discount received Closing Inventories Opening Inventories Wages Insurance Insurance on purchases Salaries Wages and salaries Carriage inwards Carriage outwards O O O O O O O O O O O O OOO O 0 Which of the followings are in the items of "Cost of goods sold/ cost of sales" when preparing Statement of profit or loss (SPL)? * Sales Returns outwards Purchases Returns inwards Rental income Rental received Commission Rent Interest received Discount allowed Discount received Closing Inventories Opening Inventories Wages Insurance Insurance on purchases Salaries Wages and salaries Carriage inwards Carriage outwards O O O O O O O O O O O O OOO O 0 Which of the followings are in the items of "Cost of goods sold/ cost of sales" when preparing Statement of profit or loss (SPL)? * Sales Returns outwards Purchases Returns inwards Rental income Rental received Commission Rent Interest received Discount allowed Discount received Closing Inventories Opening Inventories Wages Insurance Insurance on purchases Salaries Wages and salaries Carriage inwards Carriage outwards O O O O O O O O O O O O OOO O 0
Step by Step Solution
★★★★★
3.46 Rating (156 Votes )
There are 3 Steps involved in it
Step: 1
Answer Whether Part of No Particulars Reason Other Expense Item of Trading Account to be shown under ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started