\(\begin{array}{c|c} & N \\ \hline \text{Sales} &...
Use the following information to answer the given question
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ \text{Return inward} & 150 \\ \text{Rent} & 2,000 \\ \text{Salaries} & 1,000 \\ \text{Discount received} & 400\\ \text{Closing stock} & 250 \\ \text{Opening stock} & 100\end{array}\)
The cost of goods sold is
N5,350
N5,150
N4,500
N4,250
Correct answer is A
No explanation has been provided for this answer.
Purchases in accounting refers to goods bought for ...
Accounting information is used by investors and creditors of a company to predict ...
OGOGO'S SALES LEDGER LEDGER CONTROL ACCOUNT \(\begin{array}{c|c} & D & & D \\ \...
Given: Sales Ledger Control Account (Extracts) Balance b/f N10,600 Total cash payments by debtors...
If stationery bought for N200 has been entered as N2000. To correct this error? ...
Sales ledger control account contains the total amount in respect of ...