Question
A business operates based on a mark-up on cost of 40%. If opening inventory was GH 5,000, sales were GH 98,000 and purchases were GH
A business operates based on a mark-up on cost of 40%. If opening inventory was GH 5,000, sales were GH 98,000 and purchases were GH 71,200, calculate the value of closing inventory. A. GH 70,000 B. GH 68,600 C. GH 29,400 D. GH 6,200
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Applications Of Statistical Sampling To Auditing
Authors: Alvin A. Arens, James K. Loebbecke
1st Edition
0130391565, 978-0130391568
