The following represent extracts from the trading account of a retail outlet for a given...

FINANCIALJAMB 1995

The following represent extracts from the trading account of a retail outlet for a given month: Opening stock N2,400 Closing stock N6,400 Other expenses N2,000 Sales N11,000 Profit N900 What is the purchase figure for the month?

  • A. N13,000
  • B. N12,100
  • C. N12,000
  • D. N11,200

Correct Answer: B. N12,100

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