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    Exam 2: The Income Statement Profit and Loss Account
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    If Opening Stock for the Year Is £8,000,closing Stock £5,000
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If Opening Stock for the Year Is £8,000,closing Stock £5,000

Question 26

Question 26

Multiple Choice

If opening stock for the year is £8,000,closing stock £5,000 and cost of goods sold £19,000,what is the value of purchases for the year?


A) £6,000
B) £9,000
C) £16,000
D) £3,000

Correct Answer:

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