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प्रश्न
Answer in one sentence only.
What is closing stock?
एक पंक्ति में उत्तर
उत्तर
The goods which remain unsold at the end of the financial year are known as closing stock. It is valued at cost price or market price, whichever is less. It includes closing stock of raw-material, semi-finished goods and that of finished goods.
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Effects of Adjustments-Closing Stock
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संबंधित प्रश्न
Closing stock is always valued at market price.
When closing capital is greater than opening capital, it denotes _______.
Answer in one sentence only.
How is closing stock valued?
Answer in one sentence only.
What do you mean by direct expenses?
Answer in one sentence only.
What do you mean by indirect expenses?
State whether the following statement is True or False.
Closing stock is always valued at market price.
