If opening stock is £3,000,purchases for the year £15,000 and the cost of goods sold is £14,000,what is the value of closing stock?
A) £2,000
B) £4,000
C) £3,000
D) £5,000
Correct Answer:
Verified
Q1: Which of the following statements is correct?
A)
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)
Q7: If purchases for the year are £18,250,closing
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)
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