The total income for the year ended 31 August 2020 for Amina Trading was RM65,500 and the total operating expenses were RM44,100. If the amount of accrued income is RM600 and the total prepaid expenses were RM440, determine the amount of net profit for the year ended 31 August 2020. O RM22,440 O RM20,360 O RM21,560 RM21,240

The total income for the year ended 31 August 2020 for Amina Trading was RM65,500 and the total operating expenses were RM44,100. If the amount of accrued income is RM600 and the total prepaid expenses were RM440, determine the amount of net profit for the year ended 31 August 2020. O RM22,440 O RM20,360 O RM21,560 RM21,240

Name: The total income for the year ended 31 August 2020 for Amina Trading
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Description: The total income for the year ended 31 August 2020 for Amina Trading wasRM65,500 and the total operating expenses were RM44,100. If the amountof accrued income is RM600 and the total prepaid expenses were RM440,determine the amount of net profit for

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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