Gce Model Questions Vol1 2017 Financial Accounting Question 46
Practice objective / multiple choice question 46 from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
A sole trader's trial balance shows the following figures: Sales £120,000, Opening Stock £15,000, Purchases £45,000, Closing Stock £18,000, Salaries £30,000 and Rent £12,000. Compute the net profit for the year.
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About This Question
This is Gce Model Questions Vol1 2017 Financial Accounting Question 46. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Easy .
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