The following represent extracts from the trading account...
The following represent extracts from the trading account of a retail outlet for a given month:
Opening stock N2,400
Closing stock N6,400
Other expenses N2,000
Sales N11,000
Profit N900
What is the purchase figure for the month?
N13,000
N12,100
N12,000
N11,200
Correct answer is B
No explanation has been provided for this answer.
Journal proper is used in recording? ...
The historical development of accounting reveals that it? ...
Replacement and renewal of fixed assets are? ...
Year ₦ 1991 1992 1993 1994 14,000 24,000 10,00...
Stock of raw materials (1st January) N3000 Direct wages N2500 Direct expenses N1000 Factory overh...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock:} & \\ \text{- raw materials} & 6...
\(\begin{array}{c|c} & Halima & Ibinabo \\ & N & N \\ \hline \text{Capital accounts ...