\(\begin{array}{c|c} \text{Opening stock} & 1800 \\ \hline \text{Purchases} & 2800 \\ \hline \text{Sales} & 800…

Home » Past Questions » Commerce » Jamb » 2015 » \(\begin{array}{c|c} \text{Opening stock} & 1800 \ \hline \text{Purchases} & 2800 \ \hline \text{Sales} & 800…
Commerce JAMB 2015

\(\begin{array}{c|c}
\text{Opening stock} & 1800 \\
\hline
\text{Purchases} & 2800 \\
\hline
\text{Sales} & 800 \\
\hline
\text{Closing stock} & 800 \\
\hline
\text{Carriage on sale} & 500 \\
\end{array}\)

Calculate the value of the unused stock

  • N320
  • N350
  • N500
  • N800 checkmark

The correct answer is: D

Explanation

Closing stock for the year of an accounting period is also regarded as unused stock.
Previous Question Next Question

Leave A Comment