| 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.
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…