The goods available with the business for sale on a particular date is known as ____.
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Answer:
The goods available with the business for sale on a particular date is known as Cost of goods Available for Sale.
Explanation:
Cost of goods available for sale is calculated as following:
- Opening stock of finished goods
- Finished goods produced during the year
- Closing stock of finished goods
Cost of goods available for sale = 1+2-3.
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