Use the following information to answer this question...
Use the following information to answer this question
The following are the final accounts of a trading organisation Wazobi ventures, for the year ended 30th June, 19x8
| ₦ | ₦ | |
| Sales less: cost of goods sold |
233,000 170,000 |
|
| 63,000 | ||
| less: Overhead Expenses Admin expenses Selling expenses Other overhead expenses |
16,800 15,000 6,200 |
|
| Net profit | 25,000 |
Calculate the net profit on percentage of expenses.
60%
25%
13%
65.7%
Correct answer is D
Net profit on % of expenses =
Net profit x 100
Expenses
= \(\frac{25000}{38000}\) x 100
= 65.7%
Use the following information to answer the given question \(\begin{array}{c|c} & N & &...
When the letter "C" is written in front of an entry in the folio column of a cash book, it...
Use the information to answer the given question. \(\begin{array}{c|c} & D\\ \hline \text{O...
Which of the following is not a characteristic of trial balance? ...
The gross profit disclosed in the branch stock adjustment account represents? ...
The following information were extracted from the books of Miliki state Sinking ...
The issued share capital is the number of shares that are ...
In a non-profit oriented organization, the excess of income over expenditure is ...
The cost method of charging goods to branch is used where? ...