JAMB - Commerce (2020 - No. 25)
Given:
₦
Opening Stock 1,800
Purchases 2,800
Sales 8,000
Closing stock 350
Carriage on sales 500
Calculate the value of the unused stock.
₦800
₦500
₦320
₦350
Explanation
The unused stock is the value of the stock at the end of the business year which is the closing stock valued at N350 in this case.
Comments (0)
