The remaining commercial goods of the enterprise from the previous period are 15,500 TL. the cost of the goods purchased during the period is 255,500 TL. The cost of the goods remaining in stock at the end of the period was determined to be TL 106,000. The company's Domestic Sales during the period amounted to TL 88,000. Overseas Sales are 177,000 TL. Their refund from the sale is 11.000 TL. According to this information, find and account for the goods available for sale and the cost of commercial goods sold, and close the income and expense accounts related to the sale of goods. Find gross sales profit or loss.
The remaining commercial goods of the enterprise from the previous period are 15,500 TL. the cost of the goods purchased during the period is 255,500 TL. The cost of the goods remaining in stock at the end of the period was determined to be TL 106,000. The company's Domestic Sales during the period amounted to TL 88,000. Overseas Sales are 177,000 TL. Their refund from the sale is 11.000 TL. According to this information, find and account for the goods available for sale and the cost of commercial goods sold, and close the income and expense accounts related to the sale of goods. Find gross sales profit or loss.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The remaining commercial goods of the enterprise from the previous period are 15,500 TL. the cost of the goods purchased during the period is 255,500 TL. The cost of the goods remaining in stock at the end of the period was determined to be TL 106,000. The company's Domestic Sales during the period amounted to TL 88,000. Overseas Sales are 177,000 TL. Their refund from the sale is 11.000 TL. According to this information, find and account for the goods available for sale and the cost of commercial goods sold, and close the income and expense accounts related to the sale of goods. Find gross sales profit or loss.
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