Use the following information to answer the given questions

$\begin{array}{c|c} & N \\ \hline Debtors & 30,000 \\ Creditor & 20,000 \\ \text{Opening stock} & 15,000 \\ \text{Closing stock} & 18,000\\ Wages & 3,000 \\ Salaries & 10,000 \\ Purchases & 30,000 \\ Sales & 60,000\end{array}$

The net profit percentage is

Similar Questions

Which of the following bases of accounting does not make allowance for depreciation? ...

A bank statement shows an overdraft of GH¢ 190,000. Kofi a debtor paid GH¢ 400,000 into th...

Subscription in advance is treated in the balance sheet as a ...

Which of the following items is found in the credit column of the trial balance? ...

Which of the following is a Revenue Income? ...

Kola and Sunday are in partnership sharing profits and losses equally. If Kemi is admitted as a new ...

The trading account is usually headed ...

Use the following to answer the given question BALANCE SHEET: \(\begin{array}{c|c} & N &am...

Creditors at start was N940 and purchases for the year was N4,060. During the year, cash paid to cre...

The not-for-profit-making organizations generate their income mainly from? ...