Use the following information to answer the giv... - WAEC Accounting 1991 Question
Use the following information to answer the given question
\(\begin{array}{c|c} & N \ \hline \text{Stock in hand} & 4,000 \ \text{Purchases for resale} & 5,000 \ Sales & 3,500 \ Margin & \text{20%}\end{array}\)
The closing stock is
\(\begin{array}{c|c} & N \ \hline \text{Stock in hand} & 4,000 \ \text{Purchases for resale} & 5,000 \ Sales & 3,500 \ Margin & \text{20%}\end{array}\)
The closing stock is
A
N6,200
B
N5,500
C
N5,000
D
N4,000
correct option: a
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