₦
Capital: Opening balance &n...
Use this information below to answer this question
₦
Capital: Opening balance 307,000
Closing balance 342,000
Net profit for the period 121,600
Purchases 706,000
Carriage inwards 17,500
Cost of goods sold 740,700
Total selling, general and
administration expenses 526,000
Discount received 9,650
Opening stock 98,800
What is the gross profit for the period?
₦535,650
₦628,300
₦647,600
₦106,400
Correct answer is C
No explanation has been provided for this answer.
Adamu Stores bought accessories from Mu'azu Beverages for N400 on credit. A trade discount of 10...
Goods returned to the supplier is recorded in the accounts as: debit ...
Given: cash book item: Paid to suppliers N10,800 Expenses paid N6,900 Drawings made N900 Balanc...
In departmental accounts, administrative expenses are recorded in the ...
The excess of the par value of a company's shares over the amount for what for which they are is...
Which of the following accounts would appear in the nominal ledger? i. Sanison's account(...