Given                                                 ₦     
Stock (1/4/94)                                  800
Purchases of flour                         2,450
Sales                                             4,745
Wages of bakery staff                      675
Carriage outwards                             50
Salary of administrative staff            225
Stock (31/3/95)                                 940
Capital                                           1,540

Calculate the cost of goods sold

Similar Questions

\(\begin{array}{c|c} & N \\ \hline \text{Fixed assets} & 12,000 \\ \text{Current assets} &am...

The entries to record goods bought for cash are: debit ...

The total credit sales for a period can be extracted from the ...

Goodwill may be brought into the books when ...

In a three-column cash book, dishonored cheques will be shown on the ...

Which of the following is a source of the local government Revenue? ...

Which of the following is true in Public sector accounting? Cost of assets is ...

What is the effect on a firm for making a payment of N10,000 to creditor? its liabilities ...

Lighting..................N2925 Rent......................N2640 Salary....................N4050 ...

The health department of Banjul Local Government incurred the following expenditure in 2020: ...