passwella.
Menu

WAEC Commerce 1995 Question 45

Question 45

Business Calculations

Opening stock plus purchases less closing stock gives

  1. A.the rate of turnover
  2. B.cost of goods sold
  3. C.working capital
  4. D.net profit
  5. E.gross profit
Show the answer and explanation

Answer: B (cost of goods sold)

Explanation

Opening stock + purchases − closing stock = cost of goods sold.