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:
Verified
Q2: If opening stock is £3,000,purchases for the
Q3: Revenue is:
A) The amount received from borrowing
B)
Q4: Operating profit is:
A) Sales - cost of
Q5: Which of the following statements is correct?
A)
Q6: Which of the following statements is false?
A)
Q8: Revenue is the amount received in cash
Q9: If a company buys a machine for
Q10: Profit = revenue + expenses
Q11: Which of the following statements is false?
A)
Q12: Gross profit is the difference between sales
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