In order to find out the value of the closing stock during the end of the financial year we,
A. do this by stocktaking
B. deduct the cost of goods sold from sales
C. deduct opening stock from the cost of goods sold
D. look in the stock account
Answer:A
In order to find out the value of the closing stock during the end of the financial year we,
A. do this by stocktaking B. deduct the cost of goods sold from sales C. deduct opening stock from the cost of goods sold D. look in the stock account