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What the net assets figure is

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Reference no: EM132691113

You are given the following figures:

RM

Sales 8, 200

Carriage inwards 200

Carriage outwards 300

Closing inventory 900

Opening inventory 1, 300

Purchases 6, 400

Problem 1: The cost of goods sold is:

A. RM6, 800

B. RM6, 200

C. RM7, 000

D. RM7, 300

You are given the following figures:

RM

Accounts payable 27, 000

Accounts receivable 29, 000

Buildings 582, 000

Cash in hand 32, 700

Equipment 113, 500

Land 120, 000

Bank overdraft 15, 000

Problem 2: The net assets figure is:

A. RM61, 700

B. RM835, 200

C. RM815, 500

D. RM919, 200

Reference no: EM132691113

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