Question

profit is consider as inflow explain​

Answer 1

Answer:

(i) Unit of sales can be defined as the measure of what products are sold.

(ii) Excess of Unit Price over Unit Cost is known as the Unit Gross Profit or Unit Gross Margin. This represents the business’s profit from selling a product or providing service before deducting fixed expenses such as salaries, rent, and other expenses.

Gross Profit = Unit Price – Unit Cost.

(iii) Credit Transaction/Selling on credit.