Question on: SS1 Accounting - Terminologies Used In Trading Account
What does opening stock refer to in a trading account?
View related lesson
A
The value of inventory held at the beginning of a trading period
B
The value of inventory held at the end of a trading period
C
The total amount spent on purchasing inventory during a trading period
D
The total amount received from selling inventory during a trading period
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses