Question

Given : Average stock Rs. 50,000, Opening stock is Rs. 10,000 less than di sing som
Find the value of closing and opening stock​

Answer 1

Answer:

60000 opning stocks. . . . . .. . . . . . .

. . .

Answer 2

The value of opening stock is:

Explanation:

average stock= 50,000

opening stock= 10,000 +50,000

=60,000

• The starting quantity of any product/goods held by an organisation at the start of any financial year
• accounting period is equal to the closing stock of the previous accounting period valued on the basis of appropriate accounting norms depending on the nature of the business.
• Closing Stock refers to the amount of unsold inventory in your store on a specific date.
• In simple terms, it's the merchandise that's still sitting in your warehouse waiting to be sold for a set amount of time.
• Raw materials, in-process products (WIP), and finished items can all be included in the closing stock.