Use the information below to answer question Goods from head office................₦13,400 Returns to head office ...............₦118 Rates and insurance pa...

Assessment: JAMB UTME - Principles of Accounts - 2003 Subject: Financial Accounting

Question 1 Report

Use the information below to answer question Goods from head office................₦13,400

Returns to head office ...............₦118

Rates and insurance paid .............₦188

Wages paid ...........................₦913

Cash remitted to head office..........₦16,625

Stock at 1/1/2000.....................₦1,875

Rents paid ...........................₦325

Stock at 31/12/2000 ..................₦1,975

Sundry expenses ......................₦200The profit realized from the trade is?

₦4 069

₦1 817

₦1 440

₦1 328

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