(Answered) Question - tintin company had the following summarized

Accounting

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

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