Beginning inventory............N?
Purchases..........
Use the information below to answer question
Beginning inventory............N?
Purchases......................N?
Ending inventory...............N4,800
Sales..........................N12,800
Wages..........................N1,040
Gross profit...................N5,900
The beginning inventory was estimated at 80% of sales.
Determine the amount for the beginning inventory?
N20,140
N10,240
N8,140
N7,240
Correct answer is B
No explanation has been provided for this answer.
Which of the following is recorded in the folio column of the journal? ...
If stationery bought for N200 has been entered as N2000. To correct this error? ...
The vote book in governmental accounting is used to ...
Stock of finished goods: Jan 1st Dec 31st Stock of Raw materials:...
Cash purchase - D 29,641 Creditors 1/1/14 - D 2,473 Creditors 31/12/14 - D 3,117 Cash paid to cre...
Share premium is an example of? ...
Beauty started business with ₦40,000, made a profit of ₦50,000 and ended the year with ₦70,000...