What is the total expenses?

Goods from head office…………….N13,400
Returns to head office ……………N118
Rates and insurance paid ………….N188
Wages paid ………………………N913
Cash remitted to head office……….N16,625
Stock at 1/1/2000…………………N1,875
Rents paid ………………………N325
Stock at 31/12/2000 ………………N1,975
Sundry expenses ………………….N200

A. N1 875
B. N1 817
C. N1 626
D. N1 426

Correct Answer:

Option C – N1 626