Home » Accounts (Principles of Accounts) » Determine the Total ExpensesDetermine the Total Expenses Given: Net profit————N25,000 Cost of sale———–N25,000 Sales————–N85,000 Determine the total expenses. A. N45,000 B. N35,000 C. N25,000 D. N15,000 Correct Answer: Option B Explanation Related Posts CR. DR. Sales ledger balance 9, 500 Sales ledger balance 420 Bought ledgers balance 6,… Given: Authorized Capital: N 100,000 ordinary shares of N 1 eash Issued and fully paid:… When a purchase business is revalued, the effect is that? Which of the following is a source of revenue to the federation account? The process of bookkeeping includes records produced from? The net profit from a trading account of a non-profit making organization would be treated…
