practice exam

harrybharryb Feels At HomeRegistered Posts: 62
hey in my practice exam i had gross profit, net profit with other figures and also 'production of birks produced and sold in the year', my question is would this be classed as cost of sales or sales?

Thanks

Harry

Comments

  • James BellJames Bell New Member Registered Posts: 7
    hi,

    The production of bricks is a direct cost interms of a cost centre. and the revenue from seeling the bricks is recorded in the sales ledger and as such is income. so the answer to your question is both? Is this what you intended?

    James
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