Closing stock is also known as

Source: JAMB · 2024

Closing stock is also known as

  1. stock at close ✓
  2. balance brought forward
  3. opening inventory
  4. stock at beginning
Explanation

Closing stock is the inventory left at the end of an accounting period. It is also called stock at close.

Opening stock is what you start with. Closing stock is what remains unsold.

Closing stock from one period becomes opening stock for the next period.

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