$\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \text{Closing sock} & 30,000 \\ Expenses & 15,000 \\ \text{Fixed assets} & 40,000 \\ Debtors & 10,000 \\ Creditors & 5,000 \\ Purchases & 25,000 \end{array}$

Net profit is

Similar Questions

In a cash book, the opening balance was N7,600, closing balance N9,200 and the total cash received d...

The amount of individual items on a government budget is called ...

The value of x is ...

Goods were purchased for resale on credit costing ₦150,000 on 30th September 2008 from Tosanwumi I...

Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions...

In a not-for-profit making organization, when the total income is less than the total expenditure, t...

Use the following information to answer the given question \(\begin{array}{c|c} & \text{1/1/8...

The major sources of revenue for the state and local governments is ...

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

The following are the final accounts of a trading organisation Wazobi ventures, for the year ended 3...