Capital: opening balance 307,000
closing balance 3...
Capital: opening balance 307,000
closing balance 342,000
Net profit for the period 121,600
Opening stock 98,800
Purchases 706,000
Carriage inwards 17,500
Cost of goods sold 740,700
Total selling , general and
administration expenses 526,000
Discount received 9, 650
Calculate the gross profit for the period?
N535,650
N628,300
N637,950
N647,600
Correct answer is D
No explanation has been provided for this answer.
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