(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 Answer: Option D
Explanation
Closing stock for the year of an accounting period is also regarded as unused stock.