Accounts > 2018 > 24
WASSCE
Use the following information to answer questions 23 and 24.
| Le | |
| Sales | 120 000 |
| Purchases | 100 000 |
| Opening stock | 10 000 |
| Closing stock | 20 000 |
The gross profit or loss is
A.
Le 30,000 gross profit
B.
Le 20,000 gross profit
C.
Le 10,000 gross loss
D.
Le 30,000 gross loss
Answer: A
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