A pottery company had sales of N176,000 during the current period and a gross profit rate of 40%.
The company's cost of merchandize available for sale during the period was N128,000. The company's ending inventory is

Similar Questions

Capital expenditure is the ...

Return inwards was understated. The effect is that ...

BALANCE SHEET AS AT 31st DECEMBER, 2010 \(\begin{array}{c|c} & ₦ & & ₦ \\ \hline \te...

The accounting concept which allows the use of a particular method for treating a transaction for a ...

\(\begin{array}{c|c} & N \\ \hline Sales & 200,000 \\ \text{Opening Stock} & 20,000 \\ purchases & 1...

An example of appropriation of profit in a company is ...

The authority of the Accountant-General to disburse from government fund is   ...

The accounting concept which distinguishes an enterprise from its owners is  ...

The entry in the partnership books of accounts for interest on drawings is to? ...

Badge Plc issued 450,000 ordeinary shares of 50k each at N1.50 per share  Application and allo...