$\begin{array}{c|c} & ₦\\ \hline \text{Opening stock} & 40,000\\ \text{Purchases} & 130,000\\ \text{Closing stocks} & 32,000 \\ \text{sales} & 180,000\end{array}$

What was the gross profit?

Similar Questions

The concept which states that revenue should be recognized at the point when the sale is deemed to h...

The accuracy of journalist is checked by? ...

                            &n...

The book of account in which information from the source documents are recorded consists of ...

The method of stock valuation in which the issue price is obtained by dividing the value of stock in...

Given: Balance at 31st December ............N14,744m Treasury Bills issued Jan-Dec........N7124m ...

Taiwo is a sole trader who keeps his petty cash on the imprest system, the imprest amount being N4,0...

The directors of Olu Ltd. recommended a dividend of 10% on 1,000,000 ordinary share capital of ...

In departmental accounting, when goods are sent from one department to another for sale the transact...

Which of the following accounts or statements is used to determine credit purchase figures in i...