Solution-What was surplus for year

What was surplus for year

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Reference no: EM132593056

Question a. A club has 200 members paying an annual subscription of $50

Also

subscriptions received $9800

new equipment purchased $1120

depreciation of equipment $850

other running cost $8280

What was surplus for year : $400 or $600 or $670 or $870

Question b. Elzevir had been in business for 4 months when fire destroyed inventory. In the period the sales were $1200. He paid $820 to suppliers and a suppliers invoice for $70 was unpaid. His cost of sales was $800

What was cost of inventory destroyed?

$50 or $90 or $310 or $380

Reference no: EM132593056

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What was surplus for year

Reference no: EM132593056

Reference no: EM132593056

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