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

Similar Questions

Which of the following stock valuation methods is suitable under inflationary conditions?   ...

Expenses incurred but not yet paid is ...

Which of the following is not a unit of the computer? ...

A ledger is a ...

Discount allowed is enjoyed by ...

A piece of equipment costing N120,000 was purchased on 1/1/1996. Depreciation was provided at 20% pe...

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

As part of the initial investment, a partner contributes office equipment that originally cost N20,0...

Which of the following date lines is correct for a profit and loss account? ...

A trading account is prepared to disclose the ...