Accounting JAMB

Adex Ltd. Issues stock to its retail branches at cost price. Calculate the cost of goods credited to the head office trading account?
N
Stock at branch 1st January at cost 400
Goods sent to branch at cost 8000
Returns to head office 340
Cash sales 9160
Stock at branch 31st December at cost 720

A. #7200
B. #7460
C. #7500
D. #7660

Correct Answer:

Option D – #7660

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5 years ago

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