In an interlocking accounting system, the profit shown in the financial accounts was 79252 but the cost
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In an interlocking accounting system, the profit shown in the financial accounts was £79252 but the cost accounts showed £74 294 profit. The following stock valuations were the only differences between the two sets of accounts:
What was the value of X?
(a) £18196
(b) £23154
(c) £24952
(d) £28112 (2 marks)
CIMA Stage 1
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