Use this information below to answer this question
| ₦ | |
| 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 |
A. ₦69,300
B. ₦81,600
C. ₦81,300
D. ₦106,400
Correct Answer:
Option B = ₦81,600
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…