From the following information, calculate Net Profit. Details Debit (RO) Credit (RO) 6500 Salary 14200 Rent 750 Interest Payable 870 Stationery 1850 Insurance 900 Dividend 207000 Net sales Cost of the goods sold 165000 Additional information: Closing Stock OR 8700 Select one: a. RO 19480 O b. RO 10030 O . RO 10780 O d. RO 20230

From the following information, calculate Net Profit. Details Debit (RO) Credit (RO) 6500 Salary 14200 Rent 750 Interest Payable 870 Stationery 1850 Insurance 900 Dividend 207000 Net sales Cost of the goods sold 165000 Additional information: Closing Stock OR 8700 Select one: a. RO 19480 O b. RO 10030 O . RO 10780 O d. RO 20230

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 17Q: A seller sells $800 worth of goods on credit to a customer, with a cost to the seller of $300....

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