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Stock register of Rand Projects: 31 January 2022 March Details Units of Unit price inventory 1000 01 Opening inventory R24 14 Purchases 5 000 R26
Stock register of Rand Projects: 31 January 2022 March Details Units of Unit price inventory 1000 01 Opening inventory R24 14 Purchases 5 000 R26 20 purchases 4 000 R27 30 Sales for January 8 000 R50 Using W. A. C method, the value of stock on hand is: A. R24 000 B. R2 000 C. R108 000 O D. R52 400 are examples of current assets. A. Short-term investment, short term loan and overdraft. B. Debtors control, creditors control and loan. O C. Petty cash, cash float and trade debtors. D. Portion of loan to be paid in the next financial year, bank overdraft and Short-term loan The following are recorded under non-current assets in the statement of financial position: O A. Inventory, land and buildings and cash and cash equivalents. O B. Vehicles, property and equipment. O C. Trade and other receivables, inventory, cash and cash equivalents. O D. Bank, petty cash, cash float and property
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