Question

from the following information , calculate (1) gross profit (2) net income . opening stock = 12000, purchases (net) = 36000, closing stock =16000, direct expenses = 4000 , office expenses = 6000, selling expenses = 8000, financial expenses = 4000, sales = 70000, purchases returns =6000. ​

Answer 1

Explanation:

8000, financial expenses = 4000, sales = 70000, purchases returns