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Definitions from the Web

Closing Stock

Description:

Closing stock refers to the value of goods or merchandise that remains in a company's inventory at the end of a specific accounting period. It represents the final quantity and worth of items available for sale or use in the business.

Sample Sentences:

• The closing stock for the previous year was valued at $50,000.
• The company needs an accurate count of its closing stock to determine its financial position.
• Accountants must include the value of closing stock in the balance sheet.

Possible Related Products on Amazon:

• Inventory Management Software
• Stock Valuation Books