Use the following information to answer the question The following transactions relate to Osei Enterprises...
FINANCIAL
WAEC 2023
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 gross profit
- A. D 39,360
- B. D 38, 620
- C. D 36,360
- D. D 39,220
Correct Answer: C. D 36,360
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