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JAMB Accounts Principles of Accounts 2016 Paper

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Question : 4

Total: 47

Departments K Y
Opening 2,500 800
Purchases 120,000 100,000
Sales 180,000 200,000
Salary 8,000 30,000
Closing stock 3,000 1,500
Rate expenses of 1,500 are apportioned in the ratio 1:2

The gross profit for K is

# 60,700
#23,500
#60,500
#82,500

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