What is meant by closing stock? Show its treatment in final accounts?

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Accountancy Financial Accounting Part 2 For Class 11

ISBN: 9788174505323

1st Edition

Authors: NCERT

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Question Posted: Feb 16, 2024 12:00 PM

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What is meant by closing stock? Show its treatment in final accounts?

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Closing stock refers to the value of unsold goods and materials that a business still holds at the end of its accounting period In the context of a tr...View the full answer

Accountancy Financial Accounting Part 2 For Class 11

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