Accounting JAMB

Adex Ltd. Issues stock to its retail branches at cost price. The following particulars relate to Ede branch.

Use the information below to answer the question.

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. #1870
B. #1530
C. #1640
D. #1820

Correct Answer:

Option D = #1820

Sunday

Share
Published by
Sunday
Tags: Accounting

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

4 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

4 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

4 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

4 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

4 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

4 months ago