A trader adds 25% on cost as profit. The profit on sales ...
A trader adds 25% on cost as profit. The profit on sales of $300,000 would be
$75,000
$60,000
$50,000
$20,000
Correct answer is A
No explanation has been provided for this answer.
A credit entry is made in the plant and machinery account for the ...................... ...
A sales journal is used to record ...
The purpose of preparing a trading account is to ascertain ...
Net turnover is referred to as ...
The purpose of the trading account is to ascertain ...
Which of the following factors has aided the development of accounting? ...
If a trail balance is in agreement, one of the statement is untrue ...
The balance of the sales ledger control account represents ...