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  5. Given:   &nbsp...

Given:                            ...

Commerce
JAMB 2020

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.

  • A. ₦800
  • B. ₦500
  • C. ₦320
  • D. ₦350
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Correct Answer: Option D
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.

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WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts