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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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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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