Cameroon GCE A-Level Accounting

Practice session

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?

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