Ahmeds Business had a Service revenue of RO 5000, Commission revenue of RO 1000. Salary Expenses amounted to RO 1500, Rent expenses are RO 200, Insurance expenses are RO 100, and Wages expenses amounted to RO 500. The financial result of the business is a. Net Profit of RO 3700 b. Net profit of RO 2700 c. Net loss of RO 3700 d. Net Loss of RO 5000

Ahmeds Business had a Service revenue of RO 5000, Commission revenue of RO 1000. Salary Expenses amounted to RO 1500, Rent expenses are RO 200, Insurance expenses are RO 100, and Wages expenses amounted to RO 500. The financial result of the business is a. Net Profit of RO 3700 b. Net profit of RO 2700 c. Net loss of RO 3700 d. Net Loss of RO 5000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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