Debtors on 1st January was N1,490 and sales for the year ...
Debtors on 1st January was N1,490 and sales for the year was N5,760. Cash received from debtors during the year was N5,410. Bad debt written off was N410. Discount allowed amounted to N320. What was the net profit for that year, assuming a gross profit of N3,650 was made?
N2,920
N3,240
N3,330
N5,340
N5,440
Correct answer is A
No explanation has been provided for this answer.
The main difference between the ordinary and preference shareholders is that ...
Which of the following belongs to the Nominal Ledger? ...
In the absence of a sales day book or sales account the credit for sales can be computed from ...
Which of the following explains the short term solvency of a company? ...
Given: Opening capitaL................N7 000 Additional capital.............N3 500 Net..............
What is the net profit made by department S? ...
Debentures can be redeemed out of? ...
Balance as per cashbook 2, 970 Bank Charges 220 Unpresented cheques 3,950 Uncredited cheques 4,17...