Question : What is the formula for the cost of revenue from operations?
Option 1: Sale – Net Profit
Option 2: Sale – Gross Profit
Option 3: Sale – Closing Inventory
Option 4: Purchase – Closing Inventory
Correct Answer: Sale – Gross Profit
Solution : Cost of revenue from operations = Sale - Gross profit or Cost of revenue from operations = Opening inventory + Purchases + Direct expenses - Closing inventory. Hence option 2 is the correct answer.
Question : Cost of Revenue from Operations -
Question : What formula is used to compute the inventory turnover ratio?
Question : Which of the following statements is false?
Question : What is the formula for the Operating ratio?
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