begin array c c text Opening stock amp 1800 hli... - JAMB Commerce 2015 Question
\(\begin{array}{c|c}
\text{Opening stock} & 1800 \\ \hline
\text{Purchases} & 2800 \\ \hline
\text{Sales} & 800 \\ \hline
\text{Closing stock} & 800 \\ \hline
\text{Carriage on sale} & 500 \\ \end{array}\)
Calculate the value of the unused stock
\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
A
N320
B
N350
C
N500
D
N800
correct option: d
Closing stock for the year of an accounting period is also regarded as unused stock.
Please share this, thanks:
Add your answer
No responses