Question

3. What is closing stock?​

Answer 1

Explanation:

Closing Stock is an amount of unsold stock lying in your business on a given date. In simple words, it's the inventory which is still in your business waiting to be sold for a given period. The closing stock can be in various forms such as raw materials, in-process goods (WIP) or finished goods.

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Answer 2

Closing stock is an amount of unsold stock lying in your business on a given date . The closing stock can be in various forms such as raw materials, in process goods or finished goods.