Ahmeds Business had a Service revenue of RO 5000, Commission revenue of RO 1000. Salary Expenses amounted to RO 1500, Rent expenses are RO 200, Insurance expenses are RO 100, and Wages expenses amounted to RO 500. The financial result of the business is a. Net Profit of RO 3700 b. Net profit of RO 2700 c. Net loss of RO 3700 d. Net Loss of RO 5000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Ahmeds Business had a Service revenue of RO 5000, Commission revenue of RO 1000. Salary Expenses amounted to RO 1500, Rent expenses are RO 200, Insurance expenses are RO 100, and Wages expenses amounted to RO 500. The financial result of the business is a. Net Profit of RO 3700 b. Net profit of RO 2700 c. Net loss of RO 3700 d. Net Loss of RO 5000
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