Question

9. Explain the following terms with example:
(i) Sales and (ii) Cost.​

Answer 1

Answer:

( i )sales - sales means which people are selling total production of belongist is called the sales ( ii ) cost means you can understand by money which people are purchasing any item given by money then they are get exactly cost of item this is known cost.

Answer 2

1.sales

when purchase goods are sold in order to earn a profit are called sales .When goods are sold for cash it is called called cash sales and goods sold on credit are called credit sales.

2.cost

total of direct or indirect expenses which are incurred for the production of goods and services is called cost. Like of cost of raw material cost of labor and cost of other services used to make the article is called its total cost.