Use the information below to answer question 25 and 26. Bar opening stock ₦10,000 Amount owed to bar suppliers at The end the beginning of the year ₦10,000 ...

Assessment: JAMB UTME - Principles of Accounts - 2001 Subject: Financial Accounting

Question 1 Report

Use the information below to answer question 25 and 26.

Bar opening stock ₦10,000

Amount owed to bar suppliers at

The end the beginning of the year ₦10,000

Bar sales ₦50,000

Bar credit purchases ₦40,000

Payment to suppliers ₦30,000

Bar expenses ₦1,000

Bar closing stock ₦15,000How much is owed to suppliers?

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