Oscar's trading company prepares accounts to 31 December. In the year to 31 December 20X1 the following
Question:
Oscar's trading company prepares accounts to 31 December. In the year to 31 December 20X1 the following trading transactions occur:
£
Sales Purchases Sales returns Purchases returns 72 411 53 005 361 1 860 Stock at 1 January 20X1 was £4182, and at 31 December 20X1 it was £5099. What is Oscar's gross profit for the year?
a) 21 822
b) 18102
c) 18 824
d) 22 544.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Accounting And Finance For Non Specialists
ISBN: 9781861528728
1st Edition
Authors: Catherine Gowthorpe
Question Posted: