Question 21
The cost of goods sold at N32,000. The gross profit is 25% on cost. Returns inward amounts to N2,000, What is the value of sales?
Objective
Question details
- Exam body
- WAEC
- Subject
- Accounts - principles of accounts
- Year
- 1991
- Question no.
- #21
- Type
- Objective
More from this paper
- Q17If the Opening stock is undervalued
- Q18Capital is the
- Q19Carriage outwards is accounting term for amount spent on
- Q23The trading Account is usually headed
- Q24The capital sum which represents the difference between the assets and…
- Q25Which of the following statements is not true of a non-profit making…