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SayPro Course 56678B in Advance Microsof...
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SayPro Table of Contents
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Read the case study and answer the question
Case study 1.3 Keys Company (2009)
Sales
150,000
Cost of goods sold
Opening stock
5,000
Add: purchases
51,500
56,500
Less closing stock
6,500
Cost of sales
50,000
Gross profit
100,000
Less expenditure
Accounting fees
1,200
Cleaning materials
5,000
Computer expenses
2,000
Motor and travel
5,000
Rental of retail premises
20,000
Stationery
2,000
Salaries
20,000
UIF
450
Workman’s compensation
200
55,850
Net profit
44,150
Sales
150,000
Cost of goods sold
Opening stock
5,000
Add: purchases
51,500
56,500
Less closing stock
6,500
Cost of sales
50,000
Gross profit
100,000
Less expenditure
Accounting fees
1,200
Cleaning materials
5,000
Computer expenses
2,000
Motor and travel
5,000
Rental of retail premises
20,000
Stationery
2,000
Salaries
20,000
UIF
450
Workman’s compensation
200
55,850
Net profit
44,150
Sales
350,000
Less: Purchases
80,000
Gross Profit
270,000
Less expenditure
Accounting Fees
1,500
Cleaning material
7,000
Motor & travel
4,000
Rental of shop
40,000
Wages (shop assistants)
80,000
Insurance
450
Stationery
200
133,150
Net profit
136,850
Sales
1,500,000
Less purchase
700,000
Gross profit
Less: Expenditure
Accounting fees
1,200
Cleaning material
5,000
Computer expenses
20,000
Motor & travel
50,000
Rental of factory premises
200,000
Stationery
20,000
Staff refreshments
10,000
Salaries
400,000
Staff training
1,000
UIF
4,000
Workman’s compensation
4,000
Net profit
84,800
→
Index