Question: Please answer only without steps of solving!! Please answer only without steps of solving!! 2 Consider the following income Statement to answer the following questions.


2 Consider the following income Statement to answer the following questions. Particulars Amount out of Sales 247000 on Sales returns Net sales 246000 86000 Cost of goods sold Gross profit Discount received commission received 6000 8000 14000 100000 Salaries 8000 Advertising 6000 General expenses 4000 Carriage outwards 2000 20000 Net profit Q1. What is the amount of Sales Returns OMR 400 OMR 2000 OMR 1000 OMR 3000 Q2. What is the amount of Cost of Goods Sold? OMR 160000 OMR 80000 OMR 260000 OMR 50000 Q3. What is the amount of Net Profit? OMR 60000 OMR 40000 OMR 80000 OMR 160000
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