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question_answer Discussion Board for a Question on Quiz: Accounting (WAEC 2000)

50 Questions · Public · Objective · Quiz suitable for all ages

48 Click Here To Discuss Question

The following represent extracts from the trading account of a retail outlet for a given month:
Opening stock N2,400
Closing stock N6,400
Other expenses N2,000
Sales N11,000
Profit N900
What is the purchase figure for the month?

Select 1 Option (1 Mks)
  • N13,000
  • N12,100
  • N12,000
  • N11,200
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