Closing stock, Cost Accounting

The value of un-sold stock. The stock is valued at cost or market price either is lower. Usually, the closing stock is not specified in the trial balance but is specified in adjustments. Closing stock will show on the credit side of the trading account and will also show on the assets side of the balance sheet.

Posted Date: 4/4/2013 1:56:02 AM | Location : United States

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