Use the information below to answer question Trading account for the year ended 31st December 2009 ₦ ₦ Opening Stock 32,000 Sales 48,000 Purchases 40,000 Le...

Question 1 Report

Use the information below to answer question

Trading account for the year ended 31st December 2009


₦ ₦
Opening Stock                                               32,000 Sales                48,000     
Purchases                           40,000 Less Return       2,000
Carriage inwards                   1,000  
                                            41,000  
Less Return                          2,000                 39,000  
   
Cost of goods available                                     ??  
Less closing stock                                            9,000  
Cost of goods sold                                            ??

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