Neco 2017 Commerce Question 35
Practice objective / multiple choice question 35 from the 2017 Neco Commerce examination.
The partial income statement of a small business for the year ended 31 December is shown below (all figures in \(\text{₦}\)).\n\nSales: \(1,200,000\)\nCost of Goods Sold: \(720,000\)\nOperating Expenses:\n Salaries: \(180,000\)\n Rent: \(60,000\)\n Utilities: \(24,000\)\n Depreciation (straight‑line): \(30,000\)\n Miscellaneous expenses: \(X\)\nOther Income: \(15,000\)\nInterest expense: \(12,000\)\nTax rate: 30% on taxable profit.\n\nIf the net profit after tax is \(84,000\), determine the amount of miscellaneous expenses \(X\).
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About This Question
This is Neco 2017 Commerce Question 35. It is one of the objective questions from the 2017 Neco Commerce examination.
Difficulty level: Hard .
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