clossing stock is enter in?
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- It is ascertained at the end of the accounting period by physical verification of stock and its valuation at cost or market price whichever is lower or through the inventory records that it maintains. By recording the journal entry, this value of Closing Stock is brought into books of accounts.
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Explanation:
It is ascertained at the end of the accounting period by physical verification of stock and its valuation at cost or market price whichever is lower or through the inventory records that it maintains. By recording the journal entry, this value of Closing Stock is brought into books of accounts.
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