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

Explanation

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.

Accounting for IGCSE & O level - Final Statements (Section 9 - No. 23)

Explanation

Comments (0)