
Which statement below is correct?
Select ONE answer:
- cost of goods sold – gross profit – sales returns = revenue
- cost of goods sold – gross profit + sales returns = revenue
- cost of goods sold + gross profit – sales returns = revenue
- cost of goods sold + gross profit + sales returns = revenue
Show your workings to arrive at your answer, and explain and justify your reasons:
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This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 4
- Not correct
- Not correct
- Not correct
- Correct
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