WAEC Commerce 2022 Objective — Question 9
Question 9 of 50 from the West African Examinations Council (WAEC) Commerce 2022 Objective paper, with the correct answer and a full explanation.
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Average stock is derived from adding a
- A. closing stock to purchases divided by 2
- B. closing stock to opening stock divided by 2
- 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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