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What is difference between closimg stock and inventories


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

19-Jun-20 13:09

17

Answers (1)

In strict sense the words Inventory and stock mean the same. Closing stock means amount of unsold stock left in business as on a date / period end date. Just the word Inventory does not connote a meaning - it could be either opening or closing However, when you see just the word inventory in a balance sheet - it means closing inventory


Sriram Somayajula

Sriram Somayajula

Admin

19-Jun-20 16:08

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