Accountancy, asked by sandipsardarjuly3, 12 hours ago

what is the loading value when invoice price 25% on cost

Answers

Answered by heyStrange
1

Explanation:

Invoice

An itemized statement of money owed for goods shipped or services rendered

a bill

account

statement of account

Invoice Price

In Consignment accounting, by invoice price we mean a price that is used in the invoice sent to the consignee, which includes an element of profit in it.

Invoice Price

> Cost Price

= Cost Price + Profit

The addition to the cost price to make up the invoice price is called profit or profit loading or loading. The invoice price is also called a loaded price.

Any price that is used in the Invoice would be the invoice price, qualifying the cost price also to be called the invoice price. The term Invoice price, in the context of consignment accounting, is used conventionally, to mean a price that is loaded.

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