The excess of sales over cost of goods sold is?
The control account is used in facilitating?
The main objective of accounting report is to provide information about?
N | |
Direct material | 2,500 |
Direct labour | 5,000 |
Direct expenses | 1,000 |
Overhead expenses | 1,500 |
use the information contained in the table to anwser the qustion below;
from the data above, compute the prime cost.
N | |
Purchase ledger opening balance | 4,000 |
sales ledger opening balance | 6,000 |
credit purchase | 25,000 |
Discounts allowed | 1,000 |
Returns inwards | 2,000 |
Credit sales during the year | 10,000 |
Return outwards | 6,000 |
Use the information above to answer the following question;
calculate the sales ledger balance