09-19-2010, 05:23 AM
Instalment sales 270000
Cost of Instalment 162000
Defered Gross Profit 108000
Percentage 108000/270000=40 %
Cash Collection 90000
Realized Gross Profit 90000*40/100 -36000
Less Expense 50000
Net loss (14000)
Cost of Instalment 162000
Defered Gross Profit 108000
Percentage 108000/270000=40 %
Cash Collection 90000
Realized Gross Profit 90000*40/100 -36000
Less Expense 50000
Net loss (14000)