If sales are $25 000, cost of sales $10 000 and other expenses $13 000, what is
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If sales are $25 000, cost of sales $10 000 and other expenses $13 000, what is the net profit? Prepare the general journal for the transfer of net profit.
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To calculate the net profit you subtract the cost of sales and other ex...View the full answer
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Joshua Gemperoso
I am currently a college instructor in University of the Philippines Los Baños. I am teaching Inorganic and Organic Chemistry. I also coach the university’s representative team for the intercollegiate chemistry quiz contest.
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Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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