What will be the Net Sales ? a.All the options are wrong b.326000c.324000d.328000e.332000 The following information relates to Suleiman & Sons LLC.Cash In Hand16,000Carriage Inwards 35000Sales Returns4,000Return Outwards 15000Office Expense18,50018,100office Equipment Maintenance 4000Marketing Expense 3500Advertising Expense 16000Sales328,000Rent ReceivedInterest Revenue 14,600Office Rent14,000Salesman Salary 3,200Office Insurance Expense 4,500Internet Charges600Dividend Income 15200Opening StockPurchases75000Commission Income 18400210000Closing Stock45,000Direct Wages15000Use the above information and answer 29, 30 and 31 MCQS

Net Sales = Sales - Sales returns

Cash In Hand 16,000 Carriage Inwards 35000 Sales Returns 4,000 Return Outwards 15000 Office Expense18,500 Sales 328,000 Rent Received 18,100office Equipment Maintenance 4000 Marketing Expense 3500 Advertising Expense 16000 Office Insurance Expense 4,500 Interest Revenue 14,600 Office Rent 14,000 Salesman Salary 3,200 Internet Charges 600 Dividend Income 15200 Opening Stock Purchases 75000 Commission Income 18400 210000 Closing Stock45,000 Direct Wages 15000 Use the above information and answer 29, 30 and 31 MCQS

Cash In Hand 16,000 Carriage Inwards 35000 Sales Returns 4,000 Return Outwards 15000 Office Expense18,500 Sales 328,000 Rent Received 18,100office Equipment Maintenance 4000 Marketing Expense 3500 Advertising Expense 16000 Office Insurance Expense 4,500 Interest Revenue 14,600 Office Rent 14,000 Salesman Salary 3,200 Internet Charges 600 Dividend Income 15200 Opening Stock Purchases 75000 Commission Income 18400 210000 Closing Stock45,000 Direct Wages 15000 Use the above information and answer 29, 30 and 31 MCQS

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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