Business Studies, asked by ojhabapu549, 2 months ago

14: The opening inventory is

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Answered by punjabdesher1

1

Answer:

Opening inventory is the value of inventory that is carried forward from the previous accounting period and is used to compute the average inventory. It also helps to determine cost of goods sold. Closing inventory (also known as ending inventory) is the value of the stock at the end of the accounting period

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Answered by khuopv

2

Answer:

Opening inventory is the value of inventory that is carried forward from the previous accounting period and is used to compute the average inventory.

Explanation:

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