Adodo Enterprises and Loss Account (Extract) ₦ ₦ Opening stock 5,000 Sales 100,000 Purchases 00?00 00?00 Less closing stock 5,600 Cost of goods sold 00?00 G...

Question 1 Report

Adodo Enterprises and Loss Account (Extract)
  ₦   ₦
Opening stock 5,000 Sales 100,000
Purchases 00?00    
  00?00    
Less closing stock 5,600    
Cost of goods sold 00?00    
Gross profit 00?00    
  100,000   100,000

If the opening stock is 5% of sales. calculate the purchases

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