Use the information below to answer question 4 and 5.
Sales N20,000
Cost sales N10,000
Operating expenses N2,500
Expenses prepaid included
in operating expenses N500
Calculate the net profit?
A N12,500
B N10,000
C N8,000
D N7,500
Answer is C
Tutors, Past Questions and Projects.
Use the information below to answer question 4 and 5.
Sales N20,000
Cost sales N10,000
Operating expenses N2,500
Expenses prepaid included
in operating expenses N500
Calculate the net profit?
A N12,500
B N10,000
C N8,000
D N7,500
Answer is C
