JAMB Accounting 2023 Objective — Question 39

Question 39 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2023 Objective paper, with the correct answer and a full explanation.

Cost of goods available for sales is A.

A. #60,000
B. #65,000Correct
C. #100,000
D. #105,000

Explanation

Cost of goods available for sales = Opening Stock + Purchases = #5,000+#60,000 = #65,000.

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