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
What is the total expenses?
- A. N1 875
- B. N1 817
- C. N1 626
- D. N1 426
Correct Answer: C. N1 626
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