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POA > EOT FORMULAS > Flashcards

EOT FORMULAS Flashcards

1
Q

net sales

A

net sales = sales - returns inwards

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2
Q

COGAS

A

COGAS = opening inventory + purchases + carriage inwards - returns outwards

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3
Q

COGS

A

COGAS - closing inventory

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4
Q

gross profit

A

gross profit = Net sales - COGS

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5
Q

Net profit

A

net profit = gross profit (plus any additional revenue) - expenses

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POA (3 decks)

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