Net sales = ................................... - Sales Discount - Sales Return & Allowances

Carriage Out is an Example of ....................................

If Total Revenue is grater Than Total Operating Expense, the Business will have ............................................

If Cost of Purchases BD 127,500 = ......................................... + Expense on Purchases BD 4,700

If Cost of Goods Sold BD 86,100 = Cost of Goods Available for Sale BD 103,700 - .......................................

A firm had Purchases of BD14,400, and Purchases Returns and Allowances of BD1,000 during one month. Net purchase is:

Gross Profit on Sales is calculated by