solve this please class 12 cbse economics
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closing Stock --
Closing Stock is an amount of unsold stock lying in your business on a given date. In simple words, it’s the inventory which is still in your business waiting to be sold for a given period. The closing stock can be in various forms such as raw materials, in-process goods (WIP) or finished goods.
Explanation:
Formula of Closing stock--
Max Enterprises, a mobile dealer purchased 50 Nos of Ace A1 Plus-Smartphone in the month of April. As on 30th April, 28 mobiles were sold.
Details. --- Qty
Purchase. --- 50 nos
Sales. --- 28 nos
Closing stock as on 30th April. -- 22
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