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WAEC Accounting 2018 Paper
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© africaexams.com
Question : 24
Total: 50
Use the information below to answer the question that follows
Le 30,000 profit
Le 20,000 profit
Le 10,000 loss
Le 30,000 loss
Validate
Solution:
Opening stock------------- 10,000 Sales --------- 120,000
Purchase-------------------
100,000
110,000
Less: Closing stock-----------20,000
Cost of goods sold-------
90,000
90,000
Gross profit
30,000
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