Razlan Enterprise has a gross profit of RM66,800. The closing inventory and opening inventory are valued at RM50,000 and RM44, 000 respectively. What is the total sales if total purchases is RM150,600. A. RM223, 400 B. RM211,400 C. RM275,000 D. RM208, 200

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is