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
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 net profit is
The source of funds available to a local government/district assembly includes
A reason a business is not able to keep full set of accounting records is that
Which of the following items is classified as capital expenditure in public sector accounting?