Stock 1/1/2002..................................N40 000
Goods received from head office.................N800 000
Goods returned to head office...................N34 000
Sales...........................................N916000
Stock 31/12/2000................................N72 000
From the data above determine the cost of goods credited to the head office trading account.

A. N766 000
B. N840 000
C. N734 000  
D. N806 000

Show Answer Show Explanation

Correct Answer: C