passwella.
Menu

WAEC Financial Accounting 2004 Question 20

Question 20

Final Accounts of a Sole Trader

Purchases N2,000
Opening stock N900
Closing stock N300
Sales N3,850
The cost of goods available is

  1. A.N3,850
  2. B.N2,900
  3. C.N2,300
  4. D.N2,000
Show the answer and explanation

Answer: B (N2,900)

Explanation

900 + 2,000 = N2,900.