₦ ₦Stock 1/120,000Net sales370,000Add purchases250,000 Cost of goods available for sale270,000 Less stock 31/1240,000 Cost of goods sold 230,000Rent expenses35,000 Use the information above to answer the question:C…
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2012
₦ ₦Stock 1/120,000Net sales370,000Add purchases250,000 Cost of goods available for sale270,000 Less stock 31/1240,000 Cost of goods sold 230,000Rent expenses35,000 Use the information above to answer the question:F…
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2012
DateParticularsFolioDetailsTotal1/6/022 bags of maizeSL1,8001,80012/6/023 bags of salt less 5% discount 7,0007,000 8,800The 5% discount shown above indicates
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2012
Cash Book (Extract) ₦ ₦Balance b/f2,200Sundry expenses16,800 Drawings4,700Receipt from customers16,400Suppliers7,300Debtors opening and closing balances amount to ₦6,500 and ₦7,600 respectively, What is the sales value…
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2012
Trading, Profit and Loss Account (Extract) DeptX ₦₦Net sales Less cost of goods sold 3,000Stock 1/1200 Purchases1,000 Cost of goods available for sale1,200 Less stock 31/12400 Cost of goods sold 800Given:From the above…