Home » Past Questions » Accounts » The following represent extracts from the trading account of a retail outlet for...

The following represent extracts from the trading account of a retail outlet for...


Question

The following represent extracts from the trading account of a retail outlet for a given month:

Opening stock₦2,400
Closing stock₦6,400
Other expenses₦2,000
Sales₦11,000
Profit₦900

What is the purchase figure for the month?

Options

A)
₦13,000
B)
₦12,100
C)
₦12,000
D)
₦11,200

The correct answer is B.


More Past Questions:


Discussion