Question - Tintin Company had the following summarized operations for the month of March:
Revenues: for cash, £32,000; on account, £18,000
Expenses incurred: for cash, £5,000; on account, £10,000
Purchase of equipment for £8,000 on account
Purchase of supplies for £5,000 for cash
How much is net income for the month of March?
£27,000
£35,000
£14,000
£45,000