Need urgent help with incomplete records
Hello,
Studying ACCN3 now and finding it a bit difficult, hard to find any resources online as well so hopefully someone here can help me. Can someone give me the formulas to calculate the following:
1) Purchases
2) Sales
3) Expenses
4) Gross Profit markup
5) Gross profit margin
6) Converting gross profit mark up into margin (and vice versa)
7) Late calculations of closing stock
8) Cash loss/stolen
If anyone knows the formulas to any of the above please let me know, struggling a lot this year, don't know why but feel like crying
Studying ACCN3 now and finding it a bit difficult, hard to find any resources online as well so hopefully someone here can help me. Can someone give me the formulas to calculate the following:
1) Purchases
2) Sales
3) Expenses
4) Gross Profit markup
5) Gross profit margin
6) Converting gross profit mark up into margin (and vice versa)
7) Late calculations of closing stock
8) Cash loss/stolen
If anyone knows the formulas to any of the above please let me know, struggling a lot this year, don't know why but feel like crying
An interesting topic for unit 3.
Try http://www.youtube.com/user/profaccounting there are some videos that may help.
Prof.
Try http://www.youtube.com/user/profaccounting there are some videos that may help.
Prof.
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