Question

under valuation of closing stock in costing
option
decress costing profit
increase costing profit increased fincial profit
no effect​

Answer 1

Answer:

Explanation:

Gross profit is computed by deducting the cost of goods sold from net sales. An overall decrease in inventory cost results in a lower cost of goods sold. Gross profit increases as the cost of goods sold decreases. With all other accounts being equal, a bigger gross profit can translate into higher profits.

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