NECO Commerce 2022 Objective — Question 9
Question 9 of 50 from the National Examinations Council (NECO) Commerce 2022 Objective paper, with the correct answer and a full explanation.
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Average stock is derived by adding
- A. Closing stock to purchases divided by 2
- B. Closing stock to opening stock
- C. Opening stock to closing stock divided by 2Correct
- D. Opening stock to purchases
Explanation
Average stock = (Opening stock + Closing stock) / 2.
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