In an interlocking accounting system, the profit shown in the financial accouts was £79 252 but the cost account showed £74 294 profit. The following stock valuations were the only differences between the two sets of accounts:
|
Stuck valuations |
Cost accounts |
Financial accounts |
|
Opening stock |
£10 116 |
£9 217 |
|
Closing stock |
£24 053 |
X |
What was the value of X?
A £18 196 B £23 154 C £24 952 D £28 112