Amanse Golf Club sells refreshments to it's members. Suppliers for refreshments were owed Ghc250 on 1 January and Ghc400 on 31 December. Payments to the suppliers during the year were Ghc7,200. The inventory at the end of the year was Ghc100 less than the inventory at the start of the year. What was the cost of sales of refreshments? c. Ghc 7,300
Amanse Golf Club sells refreshments to it's members. Suppliers for refreshments were owed Ghc250 on 1 January and Ghc400 on 31 December. Payments to the suppliers during the year were Ghc7,200. The inventory at the end of the year was Ghc100 less than the inventory at the start of the year. What was the cost of sales of refreshments? c. Ghc 7,300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Amanse Golf Club sells refreshments to it's members. Suppliers for refreshments were owed Ghc250 on 1 January and Ghc400 on 31 December. Payments to the suppliers during the year were Ghc7,200. The inventory at the end of the year was Ghc100 less than the inventory at the start of the year. What was the cost of sales of refreshments? c. Ghc 7,300
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