what is the opening stock for business
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Opening Stock is the amount and value of materials that a company has available for sale or use at the beginning of an accounting period. The closing Stock of the previous accounting period becomes the opening Stock of the current accounting period.
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Answer:
Opening Stock is the amount and value of materials that a company has available for sale or use at the beginning of an accounting period. The closing Stock of the previous accounting period becomes the opening Stock of the current accounting period.
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