Categories: Accounting WAEC

Other operating expenses for the period is?

Use the following information to answer this question

GH¢
Gross profit ———————-50,400
Discounts relieved ————-3,300
Discounts allowed ————–2,500
Net profit ————————–26,500
Cost of goods sold ————-184,000

A. GH¢27,300
B. GH¢25,700
C. GH¢24,700
D. GH¢23,900

Correct Answer:

Option C = GH¢24,700

Sunday

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

4 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

4 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

4 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

4 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

4 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

4 months ago