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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
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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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now