₦
Capital: Opening balance                     307,000
Closing balance                                    342,000
Net profit for the period                         121,600
Purchases                                             706,000
Carriage inwards                                     17,500
Cost of goods sold                                740,700
Total selling, general and          
administration expenses                        526,000
Discount received                                      9,650
Opening stock                                         98,800

Calculate the closing stock for the period.

Similar Questions

A statement of affairs shows  ...

Which of the following is in the personal Ledger? ...

Eko Local Government expenditure Hospital building ---------------------- N200,000 Drugs ---------...

The capital of a sole trader changes as a result of ...

Acid test ratio of a firm measures the  ...

The unsubscribed share capital is ...

Social Club Subscription (Extract) 31/12/2009 Subscription accrued #18,900 Subscription received...

A trial balance is a list of ...

2/3 Purchases 900 books at #1,000 each 4/3 Purchases 590 books at # 950 each 15/3 Sales 300 books ...

Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline \text{Sto...