Given:
Sales ............................N195,200
Stock 1st January.................N34,000
Purchases ........................N126,000
Sales returns ....................N1,200
Purchases returns ................N2,000
If the gross profit is N66,000, what is the value of stock at 31st December?
A.
N30,000
B.
N40,000
C.
N50,000
D.
N20,000
Correct answer is A
No explanation has been provided for this answer.
