Incomplete Record (Extract)
Sales………………………………..N10,600
Rent………………………N200
Depreciation of vehicle (cost N5000) 10%
Gross profit margin is 20%
A. N1 620
B. N1 920
C. N1 420
D. 2 120
Correct Answer:
Option C – N1 420
Incomplete Record (Extract)
Sales………………………………..N10,600
Rent………………………N200
Depreciation of vehicle (cost N5000) 10%
Gross profit margin is 20%
A. N1 620
B. N1 920
C. N1 420
D. 2 120
Correct Answer:
Option C – N1 420
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