Use the information below to answer question Stock (1/1/02) at selling price..........N2000 Goods sent to...
FINANCIAL
JAMB 2007
Use the information below to answer question
Stock (1/1/02) at selling price..........N2000
Goods sent to branch (selling price).....N?
Sales by branch (selling price)..........N4500
Stock (31/12/02).........................N?
Opening stock is 1/4 of goods sent to branch.
Determine the closing stock?
- A. N5 500
- B. N6 500
- C. N2 500
- D. N4 500
Correct Answer: A. N5 500
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