Question 42

Use the following to answer the given question
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \text{Closing sock} & 30,000 \\ Expenses & 15,000 \\ \text{Fixed assets} & 40,000 \\ Debtors & 10,000 \\ Creditors & 5,000 \\ Purchases & 25,000 \end{array}\)
The cost of goods sold is

  • A.N45,000
  • B.N30,000
  • C.N25,000
  • D.N20,000
  • E.N15,000
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1995
Question no.
#42
Type
Objective

More from this paper

See all Accounts - principles of accounts 1995 questions