NECO Commerce 2024 Objective — Question 14

Question 14 of 50 from the National Examinations Council (NECO) Commerce 2024 Objective paper, with the correct answer and a full explanation.

Calculate average stock.

• A. A. D15,000.00Correct
• B. B. D14,000.00
• C. C. D13,000.00
• D. D. D10,000.00

Explanation

Average stock = (Opening stock + Closing stock) / 2 = (22,000 + 8,000) / 2 = D15,000.00.

Advertisement