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.
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000 The gross profit is ...
Use the following information to answer the given question RECEIPTS AND PAYMENTS ACCOUNT: \(\b...
Which of the following source documents is used for recording goods and returned to suppliers? ...
\(\begin{array}{c|c} & \text{N} \\ \hline \text{Debtors opening} & 4000 \\ \hline \text{De...
A business should not lay claim to any profit before it is earned. This is in accordance w...