Sales--------------- 120,000
Purchase-----------10...
Sales--------------- 120,000
Purchase-----------100,000
Opening stock-----10,000
Closing stock------20,000
The gross profit or loss is?
Le 30,000 profit
Le 20,000 profit
Le 10,000 loss
Le 30,000 loss
Correct answer is A
Opening stock------------- 10,000 Sales --------- 120,000
Purchase------------------- 100,000
110,000
Less: Closing stock-----------20,000
Cost of goods sold------- 90,000 90,000
Gross profit 30,000
An example of appropriation of profit in a company is ...
Which of the following is not part of the cost of production ...
Given: Liabilities..............N23,700 Current assets...........N20,300 Fixed assets...............
A business marked up its cost by 50%. This would mean a gross profit of ...
Which of the following is not a characteristic of a computer? ...
Goods withdraw from business for private use are credited to? ...
Which of the following is a debit item in the sales ledger control account? ...
Which of the following is a normal account? ...
One of the items listed below will not be found in a company’s memorandum and article of assoc...