The following information relate to Jamiu & Co. Ltd for the year ended 31st March, 2006 N sales 12,000 opening stock 3,000 purchases 7,000 closing stock 2,0...
Question 1 Report
| N | |
| sales | 12,000 |
| opening stock | 3,000 |
| purchases | 7,000 |
| closing stock | 2,000 |
| wages | 500 |
| Transport | 400 |
| electricity | 300 |
From the above figures, calculate (showing all workings) the
(a) cost of goods sold.
(b) net profit percentage.
(c) rate of turnover.
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