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   N Stock at branch 1st January at cost  400 Goods sent to branch at...

Accounts - Principles of Accounts
JAMB 2018

   N

Stock at branch 1st January at cost 

400

Goods sent to branch at cost

8000

Returns to head office

340

Cash sales

9160

Stock at branch 31st December at cost

720

 

Use the information below to answer the question.

  Adex Ltd. Issues stock to its retail branches at cost price.

 Calculate the cost of goods credited to the head office trading account

 

  • A. #7200
  • B. #7460
  • C. #7500
  • D. #7660
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Correct Answer: Option D
Explanation
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