Question

what is the difference between opening stock and closing stock?

Answer 1

Hey friends here is your answer _________________________________^^^^


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 opening stock for the next reporting period is the same as the closing stock from the immediately preceding period.......

Opening stock is the value of goods available for sale in the beginning of an accounting period. Closing stock is the value of goods unsold at the end of the accounting period......

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 progress , and finished goods inventory .


Opening stock for the next accounting period is the same as the closing stock from the immediately preceding period....i hope it helps you

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Answer 2

hii
There is no opening stock whn a bussinss ws started fr the frst tme.The opening stkck is nothng but the finishd goods tht goods which can b sold as our end products.The raw material of any typ satrtng from the majr raw material to smll nuts nd bolts.Then goods in process this is nthng but the goods which wr not compltly redy for sale but in the procss of manufacturing. For the first yr of busiinss ths cme into closing stock with certain value for it.Closing stock for the frst yr of businss wll b the opening stock for the next yr of businsss ....hpe wll hlp