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:A trader paid insurance premium of N45,000 for 15…Rent owing as at 31st December 1998, N800. Rent paid…Interest on capital is 10%, the net profit for the…A trader paid insurance premium of N45,000 for 15…Interest on capital is 10%. The net profit for the…