Question

explain closing stock​

Answer 1

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.

Answer 2

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

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