Business Studies > 2018 PAPER I > 43
BECE/Junior WAEC
SHOLA
Trading, profit and loss account for the year ended 31st December, 2014.
| ₦ | ₦ | ||
| Opening stock Add purchases . Less closing stock Cost of goods sold Gross profit | 15,000 25,000 40,000 ? 35,000 ? | Sales | |
| 50,000 |
What is the amount of closing stock?
A.
₦15,000
B.
₦10,000
C.
₦5,000
D.
₦4,000
E.
₦2,5000
Answer: C
To see detailed solution to this question and thousands of other questions offline, download TestDriller BECE. Practice rigorously for BECE, enjoy educational games, dictionary, compete with your peers, win prizes and more.
09037778195