Use the following information to answer questions below Trading Account of Umeh Enterprises for the year ended 31st December 2019 GH⊄ GH⊄ Opening stock 1000...

Assessment: WAEC SSCE - Financial Accounting - 2022 Subject: Financial Accounting

Question 1 Report

Use the following information to answer questions below

Trading Account of Umeh Enterprises for the year ended 31st December 2019

GH⊄ GH⊄
Opening stock 10000 Sales 200000
Purchases 120000 Less: (4000)
130000 196000
Closing stock (22800)
Cost of goods sold -----
Gross profit ------
196000 196000

The gross profit is

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