Question on: JAMB Accounting - 2010

Use the information below to answer question 14 and 15.

Sales....................................N10,900

Stock 1/1................................N1, 000

Stock 31/12..............................N2, 000

Purchases................................N4, 000

Returns outwards.........................N800

Returns inwards..........................N600

Carriage outwards........................N300

Carriage inwards.........................N200

Find the gross profit.

A
N7 800
B
N7 900
C
N9700
D
5700
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Correct Option: B

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