Musa merchants Trading and profit and Loss Account for the year ended Dec. 31st; 2003 Determine the closing stock by Sunday | Dec 7 | Accounting JAMB | 0 comments A. N20 000 B. N30, 000 C. N40 000 D. N50,000 Correct Answer: Option C – N40 000 Users Also Read These:The value of the closing stock of finished goods in…A trader paid insurance premium of N45,000 for 15…What is chike's share of profit from the partnership…Rent owing as at 31st December 1998, N800. Rent paid…A trader paid insurance premium of N45,000 for 15…