Income Statement data for Lisa Enterprises is as follows: Professional fee income is RO 20000; advertising expense is RO 4000; salaries expense is RO 6000; electricity expense is RO 2000. If RO 3000 was withdrawn by the owner from the business, what is the net profit for the company? Select one: a. RO 11000 b. RO 5000 c. RO 8000 d. RO 20000

Income Statement data for Lisa Enterprises is as follows: Professional fee income is RO 20000; advertising expense is RO 4000; salaries expense is RO 6000; electricity expense is RO 2000. If RO 3000 was withdrawn by the owner from the business, what is the net profit for the company? Select one: a. RO 11000 b. RO 5000 c. RO 8000 d. RO 20000

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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