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What is the net profit? Assume the following information was made available to you at December 31, 2022. What is the Net Profit? Additional Information i. Stock on 31 December 2011 was valued at $12500 ii. Accrued salaries amounted to $500 . iii. Prepaid insurance amounted to $125 . iv. Office Equipment is to be depreciated at 20% per annum. v. Provision for doubtful debts at 5% of the debtors A / c is to be created..

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What is the net profit? Assume the following information was made available to you at December 31, 2022. What is the Net Profit? Additional Information i. Stock on 31 December 2011 was valued at $12500 ii. Accrued salaries amounted to $500 . iii. Prepaid insurance amounted to $125 . iv. Office Equipment is to be depreciated at 20% per annum. v. Provision for doubtful debts at 5% of the debtors A / c is to be created.

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