WAEC - Accounts Principles Of Accounts (2023 - No. 15)
Use the following information to answer the question
The following transactions relate to Osei Enterprises for the year ended 31st December 2020.
| D | |
| Purchases | 160,000 |
| Returns outwards | 880 |
| Carriage inwards | 740 |
| Returns inwards | 620 |
| Sales | 195,000 |
|
Salaries |
27,600 |
|
Closing stock |
14,100 |
The net profit is
D 21, 760
D 18, 260
D 21, 020
D 21, 620
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