Given:<br/>₦<br/>Opening Stock 1,800<br/>Purchases 2,800<br/>Sales 8,000<br/>Closing stock 350<br/>Carriage on sales 500<br/>Calculate the value of the unused stock.
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Correct Answer: Option D
Explanation:
The value of the unused stock is ₦350. Unused stock refers to the closing stock, which is the stock remaining at the end of the accounting period. This is given directly as ₦350.
The value of the unused stock is ₦350. Unused stock refers to the closing stock, which is the stock remaining at the end of the accounting period. This is given directly as ₦350.