Use the following information to answer the given questio...
Use the following information to answer the given questions
NDebtors30,000Creditor20,000Opening stock15,000Closing stock18,000Wages3,000Salaries10,000Purchases30,000Sales60,000
The gross profit percentage is
67%
55%
50%
45%
33%
Correct answer is C
No explanation has been provided for this answer.
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Use the following information to answer the given question RECEIPTS AND PAYMENTS ACCOUNT: \(\b...
Given: I. It records subscription in arrears II. Payments of liabilities is effected III. The a...
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