Closing Stock

Business, Legal & Accounting Glossary

Definition: Closing Stock


Closing Stock


Full Definition of Closing Stock


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


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https://payrollheaven.com/define/closing-stock/
Modern Language Association (MLA):
Closing Stock. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
August 16, 2022 https://payrollheaven.com/define/closing-stock/.
Chicago Manual of Style (CMS):
Closing Stock. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/closing-stock/ (accessed: August 16, 2022).
American Psychological Association (APA):
Closing Stock. PayrollHeaven.com. Retrieved August 16, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/closing-stock/

Definition Sources


Definitions for Closing Stock are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.