Department K Y Opening stock #2,500 #800 Purchases #120,000 #100,000 Sales #180,000 #200,000 Salaries #8,000 #30,000 Closing stock #3,000 #1,500 Rate expens...

Assessment: JAMB UTME - Principles of Accounts - 2013 Subject: Financial Accounting

Question 1 Report

Department K Y

Opening stock #2,500 #800

Purchases #120,000 #100,000

Sales #180,000 #200,000

Salaries #8,000 #30,000

Closing stock #3,000 #1,500

Rate expenses of #1,500 are apportioned in the ratio 1:2.What is he net profit of Y?

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Past Papers Across IGCSE, JAMB, WAEC & NECO
Over 3000 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning