Difference between closing stock and opening stock?

1.	Difference between closing stock and opening stock?
Answer» Closing stock = the unsold goods remain in any firm during any accounting period is known as closing stock. Closing stock termed as an asset and added onn the asset side of the balance sheet. Opening stock = in any accounting period the unsold goods were again put for selling is known as opening stock .<br>When starting a business stock is purchase is called opening stock and On ending of year the stock remaining is called closing stock

Discussion