Question 1 Report
Use the information below to answer question 25 and 26.
Bar opening stock ₦10,000
Amount owed to bar suppliers at
The end the beginning of the year ₦10,000
Bar sales ₦50,000
Bar credit purchases ₦40,000
Payment to suppliers ₦30,000
Bar expenses ₦1,000
Bar closing stock ₦15,000What is the bar profits?