Musa merchants Trading and profit and Loss Account for the year ended Dec. 31st; 2003 Determine the closing stock By: Sunday|Published on: Dec 7|Categories: 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:Interest on capital is 10%, the net profit for the…Interest on drawings is 5%, interest on capital is…Debtors value as at 1st January 2000 was N40,000.…Interest on capital is 10%. The net profit for the…In the trading and profit and loss account of a…SEE ALSO When the fixed capital method is used; the partners' share of profits and remunerations are credited to the?