The net profit or loss for the year is determined in prof...
The net profit or loss for the year is determined in profit and loss account after
Deducting purchases from sales
Deducting cost of goods sold from sales and adding administrative expenses
Adding commissions received to gross profit
Eliminating all expenses from gross profit and adding any other income
Correct answer is D
No explanation has been provided for this answer.
Reducing balance method charges depreciating as fixed percentage of the ...
Which of the following items will not be entered in the adjusted cash book? ...
Segun Ojo didn’t keep her books on double principle. On 1st Jan, 2014, cash in hand was 850, b...
The use of a three-column cash book is determine by? ...
The main objective of accounting report is to provide information about? ...
The instrument used to release fund which the minister of finance has earlier withheld is ...
The acid test ratio in the company is ...
D Motor vehicle 500000 Stock 35000 ...
The unit which keeps government's books of accounts is the ...