Question on: JAMB Accounting - 2000
Use the information below to answer question 4 and 5.
Sales N20,000
Cost sales N10,000
Operating expenses N2,500
Expenses prepaid included
in operating expenses N500
Calculate the net profit?
A
N12,500
B
N10,000
C
N8,000
D
N7,500
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Correct Option: C
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