Stock 1/1/2002..................................N40 000 Goods received from head office.................N800 000 Goods returned to head office...................N34 000
FINANCIAL
JAMB 2006
Stock 1/1/2002..................................N40 000
Goods received from head office.................N800 000
Goods returned to head office...................N34 000
Sales...........................................N916000
Stock 31/12/2000................................N72 000
From the data above determine the cost of goods credited to the head office trading account.
- A. N766 000
- B. N840 000
- C. N734 000
- D. N806 000
Correct Answer: C. N734 000
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