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LoginValue of the goods remaining unsold at the end of the year
Accountancy Secondary School in Accountancy 10 months ago
Answer:
goods unsold at the END of the year is called STOCK.. These are those good which are left unsold in the business at the end of the year. The goods unsold at the end of the accounting year are called closing stock. The same stock is called opening stock at the BEGINNING of the NEW accounting year.
Posted on 26 Oct 2024, this text provides information on Accountancy related to Secondary School in Accountancy. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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