Question 10

Use the following information to answer the given question
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock} & 1,800\\ \text{Closing stock} & 1,350 \\ \text{Creditors- 1/01/2004} & 1,274 \\ \text{Creditors- 31/12/2004} & 1,140\\ \text{Cash paid to creditors} & 6,900\\ \text{Debtors 1/01/2004} & 465\\ \text{Cash received from debtors} & 11,130 \\ \text{Debtors 31/12/2004} & 300\end{array}\)
Cost of sales for the year was

  • A.₦10,965
  • B.₦8,565
  • C.₦7,215
  • D.₦6,765
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2007
Question no.
#10
Type
Objective

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