net sales
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- The following accounting records reveal: A/R, beg. P100,000 Iny, beg. P50,000 Purchases P90,000 Purchases Discount P5,000 Collections P200,000 How much is the vatable sales? a. P250,000 b. P240,000 How much is the output vat? a. P27, 600 b. P28,800 A/R, end Iny, end Sales Sales Return Cost of Sales. c. P230,000 c. P30,000 P110, 000 P60,000 P250,000 P10,000 P70,000 d. P24,000 d. P200,000Ameena traders have reported annual sales of OMR 15000, Carriage inwards of OMR 1000, Sales discount of OMR 1000 and sales return of OMR 1500. Calculate net sales? a. OMR 15000 O b. OMR 12500 O c. OMR 10500 O d. OMR 11500Calculate gross profit from the following? Sales OMR 50000, Cost of goods sold OMR 30000 and Return inwards OMR 10000. a. OMR 10000 O b. OMR 30000 O c. OMR 20000 O d. OMR 90000
- Al - Ameen traders have reported annual sales of OMR 15000, Carriage inwards of OMR 1000, Sales discount of OMR 1000 and sales return of OMR 1500. Calculate net sales? a.OMR 12500 b.OMR 15000 c.OMR 11500 d.OMR 10500Alfiya trading Company announces annual Sales of OMR 30000, Carriage inwards of OMR 2000, Sales Discount of OMR 2000 and sales return of OMR 3000. Calculate net sales? a. OMR 23000 b. OMR 21000 c. OMR 30000 d. OMR 25000HC4Q2. Based on following schedule Sales Rate Up to OMR 8000 5% OMR 8001- OMR 15000 8% OMR 15001 and Above 10% What is Hina's gross pay? Hina has net sale of OMR 11500. OMR 680 OMR 280 OMR 920 OMR 560
- lf the cost of purchases 130 000 lD., sales revenue 200 000 lD.,beginning inventory 20 000 lD.,sales discount 25 000 lD.,sales returns 50 000 lD.,ending inventory 25 000 lD . , the cost of goods sold are :- *1. Calculate the missing information for the purchase. Item SellingPrice SalesTaxRate SalesTax(in $) ExciseTax Rate ExciseTax TotalPurchase Price(in $) Sofa $350.00 5 $ 0 0 $Suppose have The Following infarmasion you Cost Per unit units Po tar Beguing inventory 200 lo Purchases s 5600 14 Feb. 15 400 b,800 17 Jan. 2 400 9000 18 sep. 12 5.. 155 0s 21 Dec. 2 48,000 1,600 30 Sales 12,000 30 400 oPerah ng exp * Prepare Compar tive income statment under [ fi Fog Lifo, weighted average I A ssume company is subject that the to 30% income tax rare
- Calculate the gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 6000, Return outwards 4000, Purchases 15000. a. OMR 5000 b. OMR 8000 c. OMR 6000 d. OMR 12000.Calculate the gross profit from the following? Sales OMR 25000, Cost of goods sold OMR 15000 and Return inwards OMR 2000.,Return outwards 5000, Purchases 5000 a. OMR 8000 b. OMR 5000 c. OMR 10000 d. OMR 15000ABC Co. has the following information:Inventory, beg. 80,000Inventory, end. 128,000Purchases 320,000Freight-out 16,000Purchase returns 18,000Purchase discounts 11,200How much is ABC Co.’s cost of sales?
