Accounts - Principles of Accounts
WAEC 2019
Use the following information to answer questions the question below
01/01/17 31/12/17
Trade creditors 630,000 780,000
Stock 540,000 480,000
Trade creditors
Stock
Cash paid to trade creditors in 2017 was N2,700,000. 00
The cost of goods sold was?
-
A.
N3,330,000
-
B.
N2,910,000
-
C.
N2,760,000
-
D.
N2,610,000
Correct Answer: Option B
Explanation
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