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Sir while calculation of cost of production including depreciation it is given that sales - gp% = cop But sales - gp%= cost of sales know sir in question admin exp and selling exp are present then how will cost of sales become cop Please explain
Answers (3)
CA Suraj Lakhotia Admin
Sales - Cost of Goods Sold = Gross Profit.
Sir sales - cost of sales is gross profit know sir Sales - cost of goods sold = gross profit when there are no admin and selling exp but in the question admin and selling exp are present