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The following information relates to Mallam Amidu Kachella for the year ended 31...


Question

The following information relates to Mallam Amidu Kachella for the year ended 31/12/2005.

#

Opening stock 4,000

Purchases 16,000

Sales 30,000

Debtors 6,500

Creditors 4,200

Cash in hand 800

Closing stock 5,600

Bank overdraft 3,000

The average stock is

Options

A) #1,600

B) #4,800

C) #5,600

D) #9,600

The correct answer is B.


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