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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Accounting An Introduction To Principles And Practice

ISBN: 9780170403832

9th Edition

Authors: Edward A. Clarke, Michael Wilson

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Question Posted: Feb 23, 2024 03:01 PM

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If sales are $25 000, cost of sales $10 000 and other expenses $13 000, what is

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To calculate the net profit you subtract the cost of sales and other ex...View the full answer

Accounting An Introduction To Principles And Practice

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