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View Full Version : Accounting equation.


harpicker
Mar 12, 2011, 09:45 AM
Goods costing rs.75000 sold at a profit of 33 1/3%. Half the payment received in cash.

pready
Mar 12, 2011, 11:52 AM
Cost of Goods Sold * (100% +33 1/3%) / 2 = Cash amount received.