Stamp Traders adopt a periodic basis of stock valuation. Opening stocks plus purchases are recorded in a stock account at a figure of £ II 0000. Closing stocks are valued at a cost of £ 15000. The appropriate journal entry to record the closing stocks is:

(a) debit cost of goods sold, credit stock account, £95000;

(b) debit stock account old period, credit stock account new period, £ 15000;

(c) credit stock account old period, debit stock account new period, £ 15000;

(d) credit stock account old period, debit stock account new period, £95000.