Practicing Success
Practicing Success
CUET Preparation Today
| Cost of Revenue from Operations = |
Revenue from Operations – Net Profit
Revenue from Operations – Gross Profit
Revenue from Operations – Closing Inventory
Purchases – Closing Inventory
|
| Revenue from Operations – Gross Profit |
| Cost of Revenue from Operation= Purchases + (Opening Inventory – Closing Inventory) + Direct Expenses = Purchases + Decrease in inventory + Direct Expenses Net Purchases = Cash Purchases + Credit Purchases – Return Outwards or alternatively Cost of Revenue from Operation =Revenue from Operations – Gross Profit |
