Sales – #232,000
Opening stock – # 28,000
Purchases – #128,000
Carriage inwards – # 4,000
Carriage outwards – # 6,000
Closing stock – # 10,000
Discount received – # 18,000
Expenses – # 20,000
Calculate the expenses debited to the profit and loss account
- #17,000
- #23,000
-
#26,000
- #30,000
The correct answer is: C
Explanation
Expenses debited to the profit and loss account would be;
Expenses + carriage outwards
20,000 + 6000 = 26000