Accounting JAMB

Assuming the closing stock was valued at N19 000 at the end of November; what was the gross profit?
Assuming the closing stock was valued at N19 000 at the end of November; what was the gross profit?Assuming the closing stock was valued at N19 000 at the end of November; what was the gross profit?

A. N30 000
B. N50 000
C. N70 000
D. N100 000

Correct Answer:

Option B – N50 000

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