value of goods marketed, gross profit and net product sales components – class 11

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overall product sales = cash product sales + credit history product sales
net product sales = cash product sales + credit history product sales – product sales return
net product sales = cash product sales + net credit history product sales
net product sales = value of goods marketed + gross profit
value of goods marketed (cogs) = opening stock + net purchase + immediate expense – closing stock

in this movie we can learn about how to calculate value of goods marketed and gross profit.

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