Debtors on 1st January was N1,490 and sales for the year ...
Debtors on 1st January was N1,490 and sales for the year was N5,760. Cash received from debtors during the year was N5,410. Bad debt written off was N410. Discount allowed amounted to N320. What was the net profit for that year, assuming a gross profit of N3,650 was made?
N2,920
N3,240
N3,330
N5,340
N5,440
Correct answer is A
No explanation has been provided for this answer.
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