Sales are equal to- Purchases - Gross ProfitCost of goods sold - Gross ProfitPurchases - Cash in handCost of goods sold - Net Profit

Question

Toppr Admin · Accepted Answer

Accounting Equation can be represented as-Cost of Goods Sold-Opening Stock-Purchases-Direct Expenses-Closing StockSales- Cost of Goods Sold - Gross Profit

Sales are equal to__________.
Purchases $+$ Gross Profit
Cost of goods sold $+$ Gross Profit
Purchases $+$ Cash in hand
Cost of goods sold $+$ Net Profit

Accounting Equation can be represented as:

Cost of Goods Sold=Opening Stock+Purchases+Direct Expenses-Closing Stock

Sales= Cost of Goods Sold + Gross Profit

Cost of goods sold	₹ 2,00,000
Rate of Gross Profit 20% on Sales

Sales are equal to__________. Purchases + Gross ProfitCost of goods sold + Gross ProfitPurchases + Cash in handCost of goods sold + Net Profit

Accounting Equation can be represented as:Cost of Goods Sold=Opening Stock+Purchases+Direct Expenses-Closing StockSales= Cost of Goods Sold + Gross Profit

Sales are equal to__________.
Purchases $+$ Gross Profit
Cost of goods sold $+$ Gross Profit
Purchases $+$ Cash in hand
Cost of goods sold $+$ Net Profit

Accounting Equation can be represented as:

Cost of Goods Sold=Opening Stock+Purchases+Direct Expenses-Closing Stock

Sales= Cost of Goods Sold + Gross Profit