Use the following to answer the given question

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

Net profit is

Similar Questions

An effect of increase in the provision for depreciation is  ...

Lima paid off debt of D2,500 owed to Dongo by cash. The entries in lima's book are: debit ...

Ezekiel Malgwi is a retailer. He recorded sales representing 95% cash and 5% credit. He took the tot...

Which of the following attracts a fixed rate of dividend? ...

  ₦ Plant and Machinery 190000 ...

Which of the following is recorded on the debit side of the Trial Balance? ...

The part of equity which is payable on winding up is called? ...

Shares issued below nominal value are referred to as shares at ...

Which of the following is a capital reserve? ...

Segun Ojo didn’t keep her books on double principle. On 1st Jan, 2014, cash in hand was 850, b...