Calculate the value of the unused stock?

By: |Published on: Dec 12|Categories: Commerce JAMB| 0 comments

Opening stock 1800
Purchases 2800
Sales 800
Closing stock 800
Carriage on sale 500

A. N320
B. N350
C. N500
D. N800

Correct Answer:

Option D – N800

Explanation

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

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