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Tuesday, 10 November 2026
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Closing stock is also known as

Closing stock is also known as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Stock at close
  • B Balance brought forward
  • C Opening inventory
  • D Stock at beginning
Correct Answer: Option A
Explanation:
Closing stock refers to the goods that remain unsold at the end of an accounting period. It is also referred to as stock at close because it represents the inventory available at the end of the trading period.

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