Olivia's trading company prepares accounts to 31 August each year. In the year ending 31 August 20X4,

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Olivia's trading company prepares accounts to 31 August each year. In the year ending 31 August 20X4, the following trading transactions occur:

Sales Purchases Sales returns Purchases returns 193 306 144315 1 836 63 Opening stock at 1 September 20X3 was £16 399 and closing stock at 31 August 20X4 was £17 041. What is Olivia's gross profit for the year?

a) 47 797

b) 51 469

c) 47 860

d) 51 658.

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Business Accounting And Finance For Non Specialists

ISBN: 9781861528728

1st Edition

Authors: Catherine Gowthorpe

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Question Posted: Jul 12, 2024 10:05 AM

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Olivia's trading company prepares accounts to 31 August each year. In the year ending 31 August 20X4,

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Business Accounting And Finance For Non Specialists

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