Question

From the following information, calculate (1) Gross profit (2) Net income opening stock 12000 purchases 36000 Closing Stock 16000
Direct Expenses 4000
Office Expenses 6000
Selling Expenses 8000
Financial Expenses 4000
Sales 70000
Purchases returns 6000

​

Answer 1

Answer:

Explanation:

Cost of goods sold =  opening stock + Net purchases + Direct expenses - closing stock

= 12000 + (36000 - 6000) + 4000 - 16000

= 12000 + 30000+4000 - 16000

= 30000

Gross profit = cost of goods sold - sales

= 30000 - 70000

Answer 2

Explanation:

net income barre bataya please