Accounting for IGCSE & O level - Final Statements (Section 9 - No. 23)
What are the primary factors that impact gross profit?
Sales revenue
Cost of goods sold
Carriage inwards
Carriage outwards
स्पष्टीकरण
Gross profit is calculated by subtracting cost of goods sold from sales revenue. Carriage inwards is included in the calculation of cost of goods sold.