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    tshax's Avatar
    tshax Posts: 1, Reputation: 1
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    #1

    Feb 14, 2008, 08:12 AM
    accounting principles
    During March 2002 JSmith purchased goods to the value of $3000 one third of which was sold for $ 1 200 during March. Rental and electricity for the month amounted to $200 and electricity to $30.

    Which amounts represents the total costs to be taken into account against income according to the matching priniciple for March 2002.

    1 $ 3 230
    2 $ 1 000
    3 $ 1 230
    4 $ 1 200
    5 none of the above
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Feb 14, 2008, 02:41 PM
    Can you please post any attempts you've made to do this work, and your calculations (or reasoning) for it. Then someone can help you get through the rest. We're not here to just answer homework problems for you.
    sburriack's Avatar
    sburriack Posts: 2, Reputation: 1
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    #3

    Feb 14, 2008, 04:52 PM
    How do you calculate basis points?
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