Accounts - Principles of Accounts
JAMB 2002
Given:
Stock (1/4/94) N800
Purchases of flour N2450
Sales N4745
Wages of bakery staff N675
Carriage outwards N50
Salary of administrative staff N225
Stock (31/3/95) N940
Capital N1540
Determine the cost of goods sold?
-
A.
N2575
-
B.
N2985
-
C.
N3250
-
D.
N3925
Correct Answer: Option B
Explanation
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