Is this stock opening or closing They have mase adjust ment as if it is closing stock(adding coz - Accountancy - Reconstitution- Change in Existing Profit Sharing Ratio

Question

Is this stock opening or closing?? They have mase adjust ment as if
it is closing stock(adding coz profit has reduced unlike opening
stock, which we would have to subtract)

Ishi · Accepted Answer

Dear Student
Undervaluation of stock means w they reduce its value while
calculating stock so it will add to the closing stock It is neither
closing nor opening stock it is add to the closing stock

Regards

Is this stock opening or closing?? They have mase adjust ment as if it is closing stock(adding coz profit has reduced unlike opening stock, which we would have to subtract)