Sales - #232,000

Opening stock - # 28,000

Purchases - #128,000

Carriage inwards - # 4,000

Carriage outwards - # 6,000

Closing stock - # 10,000

Discount received - # 18,000

Expenses - # 20,000

Calculate the expenses debited to the profit and loss account

  • A #17,000
  • B #23,000
  • C #26,000
  • D #30,000
jamb 2013accounting

The correct answer is C. #26,000

Expenses debited to the profit and loss account would be;

Expenses + carriage outwards

20,000 + 6000 = 26000

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