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Incomplete Accounting Records

<p>Prisha has not kept accurate accounting records during the financial year. She had opening inventory of $6,700 and</p> <p>purchased goods costing $84,000 during the year. At the year end she had $5,400 left in inventory. All sales are</p> <p>made at a mark up on cost of20%.</p> <p>What is Prisha’s gross profit for the year?</p> <p>A $13,750</p> <p>B $17,060</p> <p>C $16,540</p> <p>D $20,675</p>

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Question ajoutée par Ibtisam Haider Syed , General Accountant , DAR AL AQAR REAL ESTATE LLC
Date de publication: 2014/11/20
Erwin Jay de Lara
par Erwin Jay de Lara , Senior Accountant , Sora Marine Services

B.17060

 

   

     

     

Faisal Arshad
par Faisal Arshad , Good Position , Lahore Compost (Pvt.) Limited

the above question answer is B

Aeisha Abdul Kader
par Aeisha Abdul Kader , Accountant / Professional Assistant , VM Apparel CC

{(6700+84000-5400)*1.2}-84000 =17060

Ahmed Said
par Ahmed Said , C.F.O , Al-Tanmia Modern Investments, DIB

B. $17.060