Question

Stock in hand holds opening & closing stock. (State True or False)

Answer 1

I think it will be FALSE

Answer 2

Answer:

TRUE

Explanation:

Stock in hand means , all the stock that has been acquired upon the execution of a trade .

Opening stock means the stock that is available at the beginning of a trade .

Closing stock means the stock available at the end of a certain trade ,

hence the stock at hand is valuated by the amount of goods that a company shall have available at a particular time , to mean it hold the opening and closing stock .