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:What is chike's share of profit from the partnership…A trader paid insurance premium of N45,000 for 15…Rent owing as at 31st December 1998, N800. Rent paid…The value of the closing stock of finished goods in…XYZ Ltd's total sales was #100,000. It had opening…