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If an organization maintains a periodic stock system, the stock quantities are?

If an organization maintains a periodic stock system, the stock quantities are?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Updated at the end of the accounting year
  • B Not considered in the updating process
  • C Updated continuously
  • D Updated at the beginning of the accounting year
Correct Answer: Option A
Explanation:
In accounting, a financial period is calculated on a yearly basis. Accounts are prepared at the end of the year

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