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
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
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Correct Answer: Option C
Explanation:
Expenses debited to the profit and loss account would be;
Expenses + carriage outwards
20,000 + 6000 = 26000
Expenses debited to the profit and loss account would be;
Expenses + carriage outwards
20,000 + 6000 = 26000