Question

Closing stock of finished goods is valued at which accounting concep

Answer 1

Explanation:

Closing stock is the amount of inventory that a business still has on hand at the end of a reporting period. This includes raw materials, work-in-process, and finished goods inventory. The amount of closing stock can be ascertained with a physical count of theinventory.

Answer 2

hlo mate ✌️

Closing stock is the amount of inventory that a business still has on hand at the end of a reporting period.

This includes raw materials, work-in-process, and finished goods inventory.

The amount of closing stock can be ascertained with a physical count of the inventory.

Hope it helps .