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?

Similar Questions

A major cause of discrepancy between bank statement and the cash book that overstates the bank state...

Under which of the following conditions is a partnership dissolved? ...

Kako Ltd bought a machine for D 1,200,000 on 1st January 2018. Depreciation was provided annually at...

Rakiya and Joy are in partnership and agreed that 5% interest per annul is to be charged on drawings...

Which of the following in a classified form contains a permanent record of all transactions? The ...

The production cost of a manufacturing firm is made up of  ...

Which of the following statements is not true of a non-profit making organization? ...

Accrual concept stipulates that ...

The petty cash book has ...

Which of the following categories of labour cost will be classified as direct? ...