Use the following information to answer the given (begin{array}{c|c} & text{1st Jan.} & text{31st Dec.}…

Use the following information to answer the given
(begin{array}{c|c} & text{1st Jan.} & text{31st Dec.} \ & ₦ & ₦ \ creditors & 4,200 & 5,200 \ stocks & 3,600 & 3,200 \ text{cash paid to creditors during the year was ₦18,000} end{array})
Cost of sales for the year was
  • A.
    ₦19,800
  • B.
    ₦19,400
  • C.
    ₦18,400
  • D.
    ₦17,400
Correct Answer: Option B
Explanation
You May Also Like