Meaning Gross profit method
What does Gross profit method mean? Below you find one meaning for the word Gross profit method You can also add a definition of Gross profit method yourself
1 |
0
0
Gross profit methodA procedure for estimating an ending inventory in which the past gross profit rate is used to estimate cost of goods sold, which is then subtracted from the cost of goods available for sale to determine the estimated ending inventory.
|
| << Full-disclosure principle | Seiri >> |