Cameroon GCE A-Level Accounting Practice Questions - Cameroon General Certificate Of Education Advanced Level - Accounting (Subject Code 0705) Exam

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A company had opening inventory of 4,500,000 FCFA, purchases of 28,000,000 FCFA, carriage inwards of 800,000 FCFA, and closing inventory of 5,300,000 FCFA. If sales revenue was 40,000,000 FCFA, what is the gross profit for the period?

12,000,000 FCFA 11,200,000 FCFA 12,800,000 FCFA 10,400,000 FCFA

Correct Answer:

12,000,000 FCFA

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