Use the information below to answer the question that follows:
Adex Ltd. issues stock to its retail branches at cost price. The following particulars relate to Ede branch.
Stock at branch 1st January at cost ₦400
Goods sent to branch at cost ₦8000
Returns to head ₦340
Cash sales ₦9160
Stock at branch 31st December at cost ₦720
What is the gross profit carried to the profit and loss account?
Options
A) ₦1820 >>>>>>>>>
B) ₦1640
C) ₦1530
D) ₦1870
The correct answer is A.
We have WAEC, GCE, NECO, JAMB ONLINE TUTORIAL CLASS that can help you out. CLICK HERE TO GET STARTED.
