Determine the net profit?

By: |Published on: Nov 29|Categories: Accounting JAMB| 0 comments

₦
Stock Jan 1 2600 
Purchases 4000 
Carriage inwards 500 
Sales 9000 
Carriage outwards 500

 

A. ₦4,000
B. ₦4,500
C. ₦5,000
D. ₦1,400

Correct Answer:

Option D – ₦1,400

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