Use the following information to answer the giv... - WAEC Accounting 2007 Question
Use the following information to answer the given question
\(\begin{array}{c|c} & ₦ \ \hline \text{Opening stock} & 1,800\ \text{Closing stock} & 1,350 \ \text{Creditors- 1/01/2004} & 1,274 \ \text{Creditors- 31/12/2004} & 1,140\ \text{Cash paid to creditors} & 6,900\ \text{Debtors 1/01/2004} & 465\ \text{Cash received from debtors} & 11,130 \ \text{Debtors 31/12/2004} & 300\end{array}\)
Gross profit for the year was
\(\begin{array}{c|c} & ₦ \ \hline \text{Opening stock} & 1,800\ \text{Closing stock} & 1,350 \ \text{Creditors- 1/01/2004} & 1,274 \ \text{Creditors- 31/12/2004} & 1,140\ \text{Cash paid to creditors} & 6,900\ \text{Debtors 1/01/2004} & 465\ \text{Cash received from debtors} & 11,130 \ \text{Debtors 31/12/2004} & 300\end{array}\)
Gross profit for the year was
A
₦4,650
B
₦4,200
C
₦3,750
D
₦2,400
correct option: c
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