Value of the goods remaining unsold at the end of the year

1.	Value of the goods remaining unsold at the end of the year
Answer» 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.

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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.

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Value of the goods remaining unsold at the end of the year

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