What is Closing Stock in Accounting | Final Accounts | LetstuTe Accountancy

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Check out our video on What is Closing Stock in Accounting | Final Accounts
Closing stock is the amount of inventory that a business still has on hand at the end of a reporting period. This includes raw materials, work-in-process, and finished goods inventory. The amount of closing stock can be ascertained with a physical count of the inventory.

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Time Stamp
0.00 Introduction
1:20 Importance of Stock account
2:00 Explanation of Stock Account

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