Given:Sales: ₦180,000 Stock 1/1: ₦25,000 Purchases: ₦110,000 Sales returns: ₦1000 Purchases returns: ₦1,500 Gross profit: ₦58,000Determine the value of stoc...

Question 1 Report

Given:Sales: ₦180,000

Stock 1/1: ₦25,000

Purchases: ₦110,000

Sales returns: ₦1000

Purchases returns: ₦1,500

Gross profit: ₦58,000Determine the value of stock as at 31st December

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