Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1------- The following information has been taken from ABC Company for the year 2019: Sales revenues 180,000 - Opening inventory of finished goods 30,000 Closing

1------- image text in transcribedThe following information has been taken from ABC Company for the year 2019: Sales revenues 180,000 - Opening inventory of finished goods 30,000 Closing inventory of finished goods 20,000 Purchases 100,000 Trade discount received 5,000 - Trade discount allowed 6.000 Purchases returns 2,000 - Sales returns 7,000. Net sales for the year ended December 31, 2019, is:

B124 Qulz 1 KSA (11-3-2021) 5:00-6:00 PM Instructions help

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Primary English Audit And Test

Authors: Sue Reid, Angela Sawyer, Mary Bennett-Hartley

4th Edition

1446282759, 978-1446282755

More Books

Students also viewed these Accounting questions