Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question.
Each question is worth 2 marks.
Prisha has not kept accurate accounting records during the financial year. She had opening inventory of $6,700 and
purchased goods costing $84,000 during the year. At the year end she had $5,400 left in inventory. All sales are
made at a mark up on cost of 20%.
What is Prisha’s gross profit for the year?
A $13,750
B $17,060
C $16,540
D $20,675
Answer:
B
(6,700 + 84,000 – 5,400) x 20% = $17,060
|
高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 |
||
|
名师授课,签约过关有保障!不过免费重读1年 |
||
|
名师授课,助您零基础直达ACCA初级 |
更多精彩: