Edexcel IGCSEAccountingGeneral Applications3 Marks
The following extract was taken from the books of Harsha for the year ended 31 March 2020. | | \$ | |:---|:---| | Revenue | 250 000 | | Returns inwards | 5 000 | | Purchases | 180 000 | | Returns outwards | 3 000 | | Carriage outwards | 2 000 | | Opening inventory | 15 000 | | Closing inventory | 18 000 | (c) Calculate the cost of sales.
- (c)Calculate the cost of sales.[3]
Mark scheme
Marking points from the official mark scheme. The mark or mark type is shown in brackets.
- M1 for Opening inventory + Purchases – Returns outwards (15 000 + 180 000 – 3 000) (1)
- M1 for – Closing inventory (1)
- A1 for 174 000 (1)
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