Use the information below to answer question Goods from head office................N13,400 Returns to head office...

FINANCIAL
JAMB 2003

Use the information below to answer question

Goods from head office................N13,400

Returns to head office ...............N118

Rates and insurance paid .............N188

Wages paid ...........................N913

Cash remitted to head office..........N16,625

Stock at 1/1/2000.....................N1,875

Rents paid ...........................N325

Stock at 31/12/2000 ..................N1,975

Sundry expenses ......................N200

The profit realized from the trade is?

  • A. N4 069
  • B. N1 817
  • C. N1 440
  • D. N1 328

Correct Answer: A. N4 069



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