\(\begin{array}{c|c} & N \\ \hline \text{Sales} &...
Use the following information to answer the given question
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ \text{Return inward} & 150 \\ \text{Rent} & 2,000 \\ \text{Salaries} & 1,000 \\ \text{Discount received} & 400\\ \text{Closing stock} & 250 \\ \text{Opening stock} & 100\end{array}\)
Gross profit is
N10,350
N10,200
N9,500
N9,100
Correct answer is D
No explanation has been provided for this answer.
Incomplete Record (Extract) Sales......................................N10,600 Rent................
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