Use the following information to answer this question
The following are the final accounts of a trading organisation Wazobi ventures, for the year ended 30th June, 19x8
| |
₦ |
₦ |
Sales
less: cost of goods sold |
|
233,000
170,000 |
| |
|
63,000 |
less: Overhead Expenses
Admin expenses
Selling expenses
Other overhead expenses |
16,800
15,000
6,200 |
|
| Net profit |
|
25,000 |