closing stock

a business's remaining stock at the end of an accounting period. It includes finished products, raw materials, or work in progress and is deducted from the period's costs in the balance sheets.


At the end of the month the closing stock was 10 per cent higher than at the end of the previous month.

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unadjusted trial balance
opening stock
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rate of exchange
pay threshold
debit balance
tax exempt special savings account
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