Amanse Golf Club sells refreshments to its members. Suppliers for refreshments were owed GH₵ 250 on 1 January and GH₵ 400 on 31 December. Payments to suppliers during the year were GHC7200. The inventory at the end of the year was GH₵ 100 less than the inventory at the start of the year. What was the cost of sales of refreshments? c . GH₵ 7,300

Amanse Golf Club sells refreshments to its members. Suppliers for refreshments were owed GH₵ 250 on 1 January and GH₵ 400 on 31 December. Payments to suppliers during the year were GHC7200. The inventory at the end of the year was GH₵ 100 less than the inventory at the start of the year. What was the cost of sales of refreshments? c . GH₵ 7,300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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