Neco 2025 Financial Accounting Question 2
Practice objective / multiple choice question 2 from the 2025 Neco Financial Accounting examination.
A trading business has the following information for the year: Opening stock \(45,000\) naira, Purchases \(180,000\) naira, Sales \(210,000\) naira, Gross profit \(48,000\) naira, Salaries \(20,000\) naira, Rent \(12,000\) naira, Depreciation \(4,000\) naira, Net profit \(12,000\) naira. Using the given data, determine the value of the closing stock at year‑end.
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About This Question
This is Neco 2025 Financial Accounting Question 2. It is one of the objective questions from the 2025 Neco Financial Accounting examination.
Difficulty level: Hard .
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