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WAEC Commerce 2022 Question 9

Question 9

Business Calculations

Average stock is derived by adding

  1. A.closing stock to purchases divided by 2
  2. B.closing stock to opening stock
  3. C.opening stock to closing stock divided by 2
  4. D.opening stock to purchases
Show the answer and explanation

Answer: C (opening stock to closing stock divided by 2)

Explanation

Average stock = (opening stock + closing stock) ÷ 2.