Use the following to answer the given question
...
Use the following to answer the given question
\( \begin{array}{c|c} \text{Purchases} & 2,000\\ \text{Opening stock} & 900\\ \text{Closing stock} & 300 \\ \text{Sales} & 3,850\end{array}\)
Gross profit is
N1,850
N1,250
N950
N650
Correct answer is B
No explanation has been provided for this answer.
Which of the following items is classified as capital expenditure in public sector accounting? ...
Cost accounting entails the provision of information? ...
The accounting convention that state that, stock should be value that the lower of cost and net...
Which of the following is the capital reserve of a company? ...
\(\begin{array}{c|c} & \text{N} \\ \hline \text{Debtors opening} & 4000 \\ \hline \text{De...
Set-off is carried out in the control account when ...
Which of the following has a debit balance? i. calls-in-arrears ii. cash-in-advance i...