Question on: JAMB Accounting - 1995
The following represent extracts from the trading account of a retail outlet for a given month:
Opening stock N2,400
Closing stock N6,400
Other expenses N2,000
Sales N11,000
Profit N900
What is the purchase figure for the month?
A
N13,000
B
N12,100
C
N12,000
D
N11,200
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Correct Option: B
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