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Difference between closing stock and opening …

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Difference between closing stock and opening stock?

Posted by Palshetty Divya 5 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Himanshu Jha 5 years, 4 months ago

Closing stock = the unsold goods remain in any firm during any accounting period is known as closing stock. Closing stock termed as an asset and added onn the asset side of the balance sheet. Opening stock = in any accounting period the unsold goods were again put for selling is known as opening stock .

0Thank You

Shubham Jha 5 years, 4 months ago

When starting a business stock is purchase is called opening stock and On ending of year the stock remaining is called closing stock

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CBSE > Class 11 > Accountancy