Accounting

Quiz #62

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Accounting Quiz - 25 Questions

1

From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission 11% before charging such commission
2

From the following details what will be the partners commission? Net profit before charging partners commission 65,000. Partners commission @ 11% after charging such commission.
3

Riaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.

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