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    Exam 2: The Income Statement Profit and Loss Account
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    If Purchases for the Year Are £18,250,closing Stock £7,275 and Cost
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If Purchases for the Year Are £18,250,closing Stock £7,275 and Cost

Question 24

Question 24

Multiple Choice

If purchases for the year are £18,250,closing stock £7,275 and cost of goods sold £17,525,what was the opening stock?


A) £6,500
B) £7,950
C) £28,550
D) £7,225

Correct Answer:

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