Use the following information,

$\begin{array}{c|c} & Le\\ \hline \text{Sales} & 183,400 \\ \text{Purchases} & 168000\\ \text{Opening stock} & 20,100\\ \text{Closing stock} & 48,800 \\ \text{Carriage outwards} & 2400\\ \text{Carriage inwards} & 5,000\\ \text{Returns inwards} & 10,000\\ \text{Expenses} & 15,000\\ \text{Returns outwards} & 8,000\end{array}$

The net profit is

Similar Questions

A credit entry is made in the plant and machinery account for the ...................... ...

Ant and Bee withdrew GH⊄ 14,000 and GH⊄ 10,000 respectively at 8% per annum from the partn...

#800,000 worth of ordinary shares of 50k were issued at #1 each, payable in full on application. The...

When shares are oversubscribed and money returned to unsuccessful applicants, the entry to record su...

Rent Payable Account is an example of a ...

Use the following information to answer the given question, Aba and Baba are partners who agreed to ...

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

A trial balance is a proof of ...

The authority to incur expenditure in the public sector is......... ...

Which of the following is the basis of accounting in the Civil Service? ...