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

₦95,600

₦95,000

₦9,600

₦85,000