Use the following information to answer the given question:

\(\begin{array}{c|c} & N \\ \hline \text{Stock at 1st Jan. 1901} & 6,500 \\ \text{Stock at 31st Dec. 1901} & 5,500 \\ \text{Creditors at 1st Jan. 1901} & 4,000 \\ \text{Creditors at 31st December 1901} & 5,000 \\ \text{cash paid for goods during the year} & 20,000 \\ \text{Gross profit} & \text{25% on cost} \\ \text{Administrative and selling expenses} & 2,750
\end{array}\)
What is the turn-over for he year?

Similar Questions

Which of the following is not a unit of the computer? ...

Which of the following are on the bank statement before reconciliation?  i. standing order&nbs...

A three column cash book contains column for ...

An organization purchased a piece of equipment for N112,000. It is expected to be used for 6 years t...

Revenue expenditure of a local government includes purchase of ...

Dairo and Segun are in partnership sharing profits and losses in the ratio 2:3 respec...

Acquisition cost of computers - Le 80,000 Installation cost - Le 20,000 Estimated residual value -...

Which of the following is not an external user of accounting information? ...

Zahki Plc balance sheet (extract) as at 31st December 1997.           ...

The expenditure on a good or service which is consumed either immediately or within a current accoun...