Beginning inventory............N?
Purchases..........
Use the information below to answer question
Beginning inventory............N?
Purchases......................N?
Ending inventory...............N4,800
Sales..........................N12,800
Wages..........................N1,040
Gross profit...................N5,900
The beginning inventory was estimated at 80% of sales.
Determine the amount for the beginning inventory?
N20,140
N10,240
N8,140
N7,240
Correct answer is B
No explanation has been provided for this answer.
The fund in which all government receipt are paid is? ...
Which of the following is a debit item in the sales ledger control account? ...
Lighting..................N2925 Rent......................N2640 Salary....................N4050 ...
CR. DR. Sales ledger balance 9, 500 Sales ledger balance 420 Bought ledgers balance 6, 115&...
Which of the following is not a characteristic of trial balance? ...
The profit of a branch is usually credited to the ...
Which of the following is a conversion cost? ...
Suppliers' personal account are found in the ...
The double entry for increasing provision for bad debt is debit ...