Accounting 0452 · IGCSE · Clubs and societies

Clubs and societies — practice question

Par Golf Club operated a shop retailing golfing equipment to its members. The treasurer gave the following details for the shop for the year ended 31 December: sales of golfing equipment $5300$ opening inventory of golfing equipment $400$ closing inventory of golfing equipment $450$ purchases of golfing equipment $2700$ returns from customers $200$ carriage on purchases $100$ What was the shop’s gross profit for the year?

  • A$2250$
  • B$2350$
  • C$2450$
  • D$2750$

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