Use the following information to answer the question The following transactions relate to Osei Enterprises for the year ended 31st December 2020. D Purchase...

Assessment: WAEC SSCE - Financial Accounting - 2023 (Objective) Subject: Financial Accounting

Question 1 Report

Use the following information to answer the question

The following transactions relate to Osei Enterprises for the year ended 31st December 2020.

 

   D
 Purchases  160,000
 Returns outwards  880
 Carriage inwards  740
 Returns inwards  620
 Sales  195,000

 Salaries

 27,600

 Closing stock

 14,100


The net profit is

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