Use the following information to answer the given...
Use the following information to answer the given question
\(\begin{array}{c|c} & N \\ \hline \text{Stock in hand} & 4,000 \\ \text{Purchases for resale} & 5,000 \\ Sales & 3,500 \\ Margin & \text{20%}\end{array}\)
The closing stock is
N6,200
N5,500
N5,000
N4,000
N3,500
Correct answer is A
No explanation has been provided for this answer.
Period 1 N Cash to petty cashier 1000 Petty cas...
The systematic recording of business transactions is ...
Which of the following is not a revenue to a local government? ...
In a partnership account, interest on drawings is ...
\(\begin{array}{c|c} & Dr & Dr & \text{Balance}\\ \hline & ₦ & ₦ & ₦ \...
Which of the following is used in locating errors in the ledger? ...
The effect on profit when the closing stock is understated is ...