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use the information below to answer this question  opening  stock           ...

Commerce
WAEC 2024

use the information below to answer this question 

opening  stock             22,000.00

purchases                    20,000.00

Debtor                          12,000.00           

Creditors                        8,000.00

Closing stock                  8,000.00

overdraft                         5,000.00

 

calculate the average stock

  • A. D15,000.00
  • B. D14,000.00
  • C. D13,000.00
  • D. D10,000.00
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Correct Answer: Option A
Explanation

(average stock) = \(\frac{(opening stock )+(closing stock)}{2}\)

                          = \(\frac{D23,000 + 8,000}{2}\)

                           =D15,000


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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts