The following transactions relate to Osei Enterprises for the year ended 31st December 2020.

	D
Purchases	160,000
Returns outwards	880
Carriage inwards	740
Returns inwards	620
Sales	195,000
Salaries	27,600
Closing stock	14,100

The net profit is

Similar Questions

Which of the following is a charge against profit? ...

In-not-profit-making organizations, accumulated fund is the name for ...

Which of the following errors affects the agreement of a Trial balance? ...

Which of the following is a self-balancing account? ...

Purchase of goods of N2,000 was treated as sales and entered in the sales day book and had been carr...

The addition of prime cost, indirect cost and opening work- in-progress less the closing work-in-pro...

A sole trader purchased goods in cash worth N2000 at 2% discount and made a cash sale of N1000 at th...

\(\begin{array}{c|c} July & 1 & \text{cash in hand, N420, Cash at Bank} & N6,500 \\ &...

The imprest of a petty cashier is N2450 Expenses on Printing 420 Cleaning 250 Stamp and postage 1...

The entries necessary for recording profit loading on goods sent to branch are ...