Class 11 Accountancy - Closing Stock Video by Let's Tute

"Closing Stock" is the amount of inventory that a business still has on hand at the end of a reporting period. This session will give us a broad understanding on the importance of closing stock. In this session, we will go through the following points :

1. Meaning & Introduction

2. Stock Ledger

3. FIFO Method / Weighted Average Method

4. Recording Closing Stock