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.
Given: Fixed assets N85,600 Sales N197,000 Stock N34,300 Salaries N37,000 Purchases N127,700 S...
The concept which deals with the exclusion of trivial items in the accounting records is ...
Which of the following brings a company into legal existence? ...
The ordinary shareholders enjoy the following rights except the right to ...
A debit entry in the cash account and a corresponding credit in Alieu's account indicate a ...
Capital and drawings accounts are kept in the ...
In a partnership goodwill is recognized when ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...