|cost of sales||10,000|
|expenses prepaid included in operating expenses||500|
use the information above to answer the following question.
what is the gross profit margin?
Kakaku limited with three departments has a total of N7,200,000 as net debtors for the year ended 31/12/2106. The company's policy, provides for 15%bad debt annually. Which of the following represents the total balance of debtors before adjustment?
The basic role of accounting is to?
The fixed amount of money given to a petty cashier at the beginning of a period is called?
A provision for bad debt account had N33,800 at the beginning of the year and N4,220 at the close of the year. If bad debts are calculated at the rate of 1/20% of annual credit sales, what was the credit sales for the period?