Question on: WAEC Accounting - 1991
Use the following information to answer the given question
\(\begin{array}{c|c} & \text{1/1/86} & \text{31/12/86} \ & N & N \ \hline creditors & 5,000 & 8,000 \ stock & 1,200 & 1,100 \ \text{Mark-up} & \text{25%} & \ \text{Cash paid to creditors} & N7,000 & \end{array}\)
Cost of sales is
\(\begin{array}{c|c} & \text{1/1/86} & \text{31/12/86} \ & N & N \ \hline creditors & 5,000 & 8,000 \ stock & 1,200 & 1,100 \ \text{Mark-up} & \text{25%} & \ \text{Cash paid to creditors} & N7,000 & \end{array}\)
Cost of sales is
A
N10,100
B
N10,000
C
N9,200
D
N9,100
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses