- This topic has 1 reply, 2 voices, and was last updated 8 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Hello, would you please help to clarify?
Normally the cost of sales figure include the amount for carriage inwards, since it is added to purchases as a cost of purchase.
Why should we deduct this amount again to arrive at the gross profit?
Source:
ACCA
https://educationhub.accaglobal.com
F3 Practice test 3Question: Calculate gross profit
Answer by ACCA: 13,800 – 10,350 – 200 = 3,250
$’000
Revenue 13,800Cost of sales 10,350
Carriage inwards 200
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.