Accountancy, asked by ravron, 1 month ago

what to do if both opening stock and closing stock are given for preparing trail balnce ?

Answers

Answered by vern0603

Opening Inventory Formula

This beginning inventory equation, or opening stock formula, is: Opening Inventory = Cost of Goods Sold + Ending Inventory - Purchases. This formula can be used to calculate any of the four values, given the other three are available.

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