Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 33 - No. 29)
Which of the following is directly affected by the total of sales returns recorded during an accounting period?
Cost of Goods Sold
Gross Profit
Trade Payables
Cash and Cash Equivalents
Explanation
Sales returns directly affect revenue, impacting Gross Profit (Revenue - COGS).
Comments (0)
