Use the following information,

\(\begin{array}{c|c} & Le\\ \hline \text{Sales} & 183,400 \\ \text{Purchases} & 168000\\ \text{Opening stock} & 20,100\\ \text{Closing stock} & 48,800 \\ \text{Carriage outwards} & 2400\\ \text{Carriage inwards} & 5,000\\ \text{Returns inwards} & 10,000\\ \text{Expenses} & 15,000\\ \text{Returns outwards} & 8,000\end{array}\)

The gross profit is

Similar Questions

Opening stock + Purchases + carriage inwards is equal to ...

The stock turnover period is ...

Given: I. Settlement of debts II. Cessation of business III. Introduction of assets IV. Dispos...

When starting with the cash book balance in preparing the bank reconciliation statement, the followi...

Which of the following item is not treated in the profit and loss account?  ...

The medium that enables the ATM to read the account details and process transaction directly with th...

Given: Equipment Motor Vehicle Loan Creditors Sub in advance ...

Where there is no partnership agreement, any contribution in excess of the agree capital attracts ...

The concept that recognizes revenue at the time of sale and not only when cash is received is  ...

Turnover........................N120,000 Net profit before tax.........N40,000 Net profit b/f..........