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JAMB Commerce 2015 Paper
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© africaexams.com
Question : 47
Total: 50
Opening stock
1,800
Purchases
2,800
Sales
800
Closing stock
800
Carriage on sale
500
Calculate the value of the unused stock
N320
N350
N500
N800
Validate
Solution:
Closing stock for the year of an accounting period is also regarded as unused stock.
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