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

Journal proper is used in recording? ...

Uche returned goods worth N1,500 to Udo. Uche should receive ...

 ₦ Capital: Opening balance                  &n...

2/3 Purchases 900 books at #1,000 each 4/3 Purchases 590 books at # 950 each 15/3 Sales 300 books ...

Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNT \(\be...

The balance in the purchases ledger control account is ...

A receipt is an evidence of ...

\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditor...

What was the balance showed wages, N2,500 and a note stated that N500 wages were due but unpaid when...

Given: Prepaid b/f.......................N10?000 Cash paid during the year.........N20,000 The ...