The value of the stock must be written in current market price. Closing stock = Amount of the Quantity at the beginning of the year + Amount of the Purchased Quantity during the reference period - Amount of the consumption quantity
Description
Definition
Closing stock amount is the total value of the remaining recurrent materials at the end of the reference period.
Universe
All manufacturing establishments which engage less than 10 persons.
Source of information
Entrerpreneur or manager or accountant of the establishment