Neco Model Questions Vol1 2022 Commerce Question 42

Practice objective / multiple choice question 42 from the 2022 Neco Model Questions Vol1 Commerce examination.

Neco Model Questions Vol1 2022 Commerce Objective / Multiple Choice Easy Difficulty
Question 42 NECO_MODEL_QUESTIONS_VOL1 • 2022 • COMMERCE • objective

A shop had an opening stock of \(\text{₦}50,000\) and purchases of \(\text{₦}120,000\) during the month. The closing stock at the end of the month was \(\text{₦}40,000\). What is the cost of goods sold for the month?

Answer Options

Correct Answer A. ₦130,000
B. ₦150,000
C. ₦140,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦130,000

About This Question

This is Neco Model Questions Vol1 2022 Commerce Question 42. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support