Difference between opening stock and closing stock
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Answered by
34
Hi friend,
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 progress , and finished goods inventory .
Opening stock for the next accounting period is the same as the closing stock from the immediately preceding period....i hope it helps you
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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 progress , and finished goods inventory .
Opening stock for the next accounting period is the same as the closing stock from the immediately preceding period....i hope it helps you
=============================
mark me as a brainlist.
Answered by
19
opening stock means the goods and services that are used on 01 april according to financial years
Closing stock means the stock which are used on 31 march of every financial year
Closing stock means the stock which are used on 31 march of every financial year
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