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Analysis of Financial Statements — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyAnalysis of Financial Statements1 Mark
Question
State the formula of Average stock.
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Answer

Average stock $=\frac{\text { Opentng stock of goods }+ \text { Closing stock of goods }}{2}$

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