It is added into current assets
It is deducted from Material available for use
It becomes opening stock of next year
It reduces the resources of business
✅ The correct answer is D.
Closing stock does not reduce the resources of business. Closing stock is the amount of inventory that a business still has on hand at the end of a reporting period.
Closing stock does not reduce the resources of business. Closing stock is the amount of inventory that a business still has on hand at the end of a reporting period.