Question on: WAEC Accounting - 1994
Debtors on 1st January was N1,490 and sales for the year was N5,760. Cash received from debtors during the year was N5,410. Bad debt written off was N410. Discount allowed amounted to N320. What was the net profit for that year, assuming a gross profit of N3,650 was made?
A
N2,920
B
N3,240
C
N3,330
D
N5,340
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses