Ophelia imports glass ornaments from Norway. She prepares accounts to 30 June each year. In the year
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Ophelia imports glass ornaments from Norway. She prepares accounts to 30 June each year. In the year ending 30 June 20X9 she records the following totals for trading transactions:
£
Sales 83 722 Purchases 65 277 Special charges for safety packaging 604 Sales returns 426 Purchases returns 291 Opening stock at 1 July 20X8 was £5799. Closing stock at 30 June 20X9 was
£5904. What is Ophelia’s gross profit for the year?
a) 18084
b) 18437
c) 18 663 dF siesi1,
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Related Book For
Financial Accounting For Non Specialists
ISBN: 9781844802050
2nd Edition
Authors: Catherine Gowthorpe
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