Use the following information to answer the given questions
\(\begin{array}{c|c} & N \\ \hline Debtors & 30,000 \\ Creditor & 20,000 \\ \text{Opening stock} & 15,000 \\ \text{Closing stock} & 18,000\\ Wages & 3,000 \\ Salaries & 10,000 \\ Purchases & 30,000 \\ Sales & 60,000\end{array}\)
The net profit percentage is
- A. 100%
- B. 67%
- C. 50%
- D. 33%
- E. 17%
Use the following information to answer the given questions
\(\begin{array}{c|c} & N \\ \hline Debtors & 30,000 \\ Creditor & 20,000 \\ \text{Opening stock} & 15,000 \\ \text{Closing stock} & 18,000\\ Wages & 3,000 \\ Salaries & 10,000 \\ Purchases & 30,000 \\ Sales & 60,000\end{array}\)
The gross profit percentage is
- A. 67%
- B. 55%
- C. 50%
- D. 45%
- E. 33%
Carriage inwards are included on goods
- A. on display
- B. sold
- C. in process
- D. purchases
- E. on return
The accountant general disburses government fund by the use of
- A. a voucher
- B. a warrant
- C. an estimate
- D. a vote
- E. aa provision
Which of the following is a source of the local government Revenue?
- A. personal income tax
- B. sales of armed forces property
- C. repayment (state)
- D. repayment (Interest and General)
- E. market rates
Opening stock + Purchases + carriage inwards is equal to
- A. total sales
- B. cost of goods sold
- C. cost of goods available for sale
- D. gross profit
- E. prime cost
Which of the following is the least liquid?
- A. stock
- B. debtors
- C. bills receivable
- D. payment machinery