JAMB Principles of Accounts 2003 Question 43

Use the information below to answer questions 43 and 44.
(₦)
Goods from head office 13 400
Returns to head office 118
Rates and insurance paid 188
Wages paid 913
Cash remitted to head office 16 625
Stock at 1/1/2000 1 875
Rent paid 325
Stock at 31/12/2000 1 975
Sundry expenses 200
The profit realized from the trade is

1. A.₦4 069
2. B.₦1 817
3. C.₦1 440
4. D.₦1 328