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accounting questions?
accounting questions?
10 pts to whoever can answer these
assets=
profit=
equity=
net sales=
gross profit=
Gst exclusive price+GST=
profit+net sales
Answers:
Chosen Answer
Lauren: Assets= Liabilities+Stockholders' Equity
Profit= Income-expenses
Equity= assets-liabilities
Net sales= Sales-returns and allowances
Gross Profit= Net sales-cost of goods sold
GST exclusive - use this link. I'm not familiar with this....
http://en.wikipedia.org/wiki/Goods_and_Services_Tax_(New_Zealand) />
Good luck!
I hope this is helpful!
2008-04-07 06:18:06
Lauren: Assets= Liabilities+Stockholders' Equity
Profit= Income-expenses
Equity= assets-liabilities
Net sales= Sales-returns and allowances
Gross Profit= Net sales-cost of goods sold
GST exclusive - use this link. I'm not familiar with this....
http://en.wikipedia.org/wiki/Goods_and_Services_Tax_(New_Zealand)
Good luck!
I hope this is helpful!
2008-04-07 06:18:06