Qualification > Commerce
Accounting AS level doubt!
Dasith:
--- Quote from: mimiswift on May 23, 2011, 05:07:18 pm ---what is that 1000 figure again???
this mark up and margin is killing me!!
thanks alot dasith! ;D
--- End quote ---
1000 is cost of sales , & we gonna get sales & then find profit !
Got it ? or still no ?
Tohru Kyo Sohma:
but didnt u show COS as 0.8S
1000/0.8S=S??
i didnt get this formula as well!! :-\
Dasith:
--- Quote from: mimiswift on May 23, 2011, 05:29:16 pm ---but didnt u show COS as 0.8S
1000/0.8S=S??
i didnt get this formula as well!! :-\
--- End quote ---
yes cost is equal to 80% or 0.8 S i.e 80% of sales yea ?
so we knw cost rite? i.e 1000
so wat do we do to get sales ? (given that cost is 80% of sales)
1000/0.8= S
or in other words
sales = Cost of sales + proft ?
s=1000 + 0.2S
s-0.2s=1000
0.8S=1000
s=1000/0.8 ?
got it ?( its not a formulae actually lol ;D )
Tohru Kyo Sohma:
thanks loads dasith :) and do u know any useful site for accounting revision.
Dasith:
--- Quote from: mimiswift on May 23, 2011, 08:07:07 pm ---thanks loads dasith :) and do u know any useful site for accounting revision.
--- End quote ---
welcome ;D
hmm about useful site i'm nt quite sure but u might check the forum they had some links to some sites :)
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