Contact
Meet us
01713493026, 01811458825
dsl@daffodil-bd.com

DIS DHN Accounting Grade 9

0 %

Course content

Income Statement

10 XP

Prev Set Done Next

Views
25	Total Views
2	Members Views
23	Public Views

1. Which of the following item will appear in the Cost of Sales?

Cash Balance Closing Inventory Trade Receivables

2. What is meant by "Profit for the year"?

The difference amount between a revenue and cost of sales for the period. Receipts from goods sold. The remaining of the Gross Profit after all the expenses have been deducted.

3. Calculate the Gross Profit using these information: Revenue = $10,000 Cost of Sales = $6,000 Expenses = $2,000

$4,000 $2,000 $10,000