Trading Account of Umeh Enterprises for the year ended 31...
Trading Account of Umeh Enterprises for the year ended 31st December 2019
| GH⊄ | GH⊄ | ||
| Opening stock | 10000 | Sales | 200000 |
| Purchases | 120000 | Less: | (4000) |
| 130000 | 196000 | ||
| Closing stock | (22800) | ||
| Cost of goods sold | ----- | ||
| Gross profit | ------ | ||
| 196000 | 196000 |
The gross profit is
GH⊄ 88,800
GH⊄ 43,200
GH⊄ 152,800
GH⊄ 107,200
Correct answer is A
Gross profit = (Sales + Return inward) - Cost of goods sold
= 196,000 - 107,200
= 88,800
Given: I. Cash refunds II. Debit note issued III. Dishonored cheque IV...
Which of these is a capital expenditure warrant? ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...
If sales is D 12,000 and the gross profit mark -up percentage is 25%. What is the cost of sales? ...
When shares are issued above their nominal value, the excess above the nominal value is ...