Use the following to answer the given question ... - WAEC Accounting 1995 Question
Use the following to answer the given question
\(\begin{array}{c|c} & N \ \hline sales & 45,000 \ \text{Opening stock} & 20,000 \ \text{Closing sock} & 30,000 \ Expenses & 15,000 \ \text{Fixed assets} & 40,000 \ Debtors & 10,000 \ Creditors & 5,000 \ Purchases & 25,000 \end{array}\)
Net profit is
\(\begin{array}{c|c} & N \ \hline sales & 45,000 \ \text{Opening stock} & 20,000 \ \text{Closing sock} & 30,000 \ Expenses & 15,000 \ \text{Fixed assets} & 40,000 \ Debtors & 10,000 \ Creditors & 5,000 \ Purchases & 25,000 \end{array}\)
Net profit is
A
N45,000
B
N30,000
C
N25,000
D
N20,000
correct option: e
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