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Company A has recorded a revenue of 300,000 in the year ending March 2021. Purchases were 60,000; closing inventory was 20,000 and gross profit was
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Company A has recorded a revenue of 300,000 in the year ending March 2021. Purchases were 60,000; closing inventory was 20,000 and gross profit was 210,000.
What was value of opening inventory?
A. 42,000
B. 49,500
C. 51,000
D. 50,000
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Connect 2-semester For Auditing & Assurance Services A Systematic Approach
Authors: Author
10th Edition
1259292045, 9781259292040
