Question on: JAMB Accounting - 2006
Stock 1/1/2002..................................N40 000
Goods received from head office.................N800 000
Goods returned to head office...................N34 000
Sales...........................................N916000
Stock 31/12/2000................................N72 000
From the data above determine the cost of goods credited to the head office trading account.
A
N766 000
B
N840 000
C
N734 000
D
N806 000
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Correct Option: C
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