N Stock at branch 1st January at cost 400 Goods sent to branch at cost
FINANCIAL
JAMB 2018
Stock at branch 1st January at cost | 400 |
Goods sent to branch at cost | 8000 |
Returns to head office | 340 |
Cash sales | 9160 |
Stock at branch 31st December at cost | 720 |
Use the information above to answer the question.
Adex Ltd. Issues stock to its retail branches at cost price. The following particulars relate to Ede branch.
- A. #1870
- B. #1530
- C. #1640
- D. #1820
Correct Answer: D. #1820
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