From the following information, calculateNet Profit .DetailsDebitCredit(RO)(RO)Salary6500Rent14200Interest Payable750Stationery870|Insurance1850Dividend900Net sales207000Cost of the goodssold165000Additional information: Closing Stock OR8700Select one:O a. RO 19480O b. RO 10780c. RO 20230O d. RO 10030

The net income is the income that is received after deducting all expenses.

Answered: From the following information,…

Business

Finance

From the following information, calculate Net Profit . Details Debit Credit (RO) (RO) Salary 6500 1.4

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

From the following information, calculate
Net Profit .
Details
Debit
Credit
(RO)
(RO)
Salary
6500
Rent
14200
Interest Payable
750
Stationery
870
|Insurance
1850
Dividend
900
Net sales
207000
Cost of the goods
sold
165000
Additional information: Closing Stock OR
8700
Select one:
O a. RO 19480
O b. RO 10780
c. RO 20230
O d. RO 10030

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