Closing stock and inventory

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ARTICLE
752 Points Posted on 05 February 2021
can we change closing stock amount without changing in inventory amount???? please give me example
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On 05 February 2021 at 17:18 Report
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This discussion clarifies the relationship between closing stock and inventory. It explains that these two figures must always be the same. If you adjust the closing stock amount, the inventory amount must also be altered to ensure accuracy. Failing to do so will lead to discrepancies in the opening value and consumption calculations.

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Chartered Accountant
24588 Points Posted on 05 February 2021
No if you change closing stock amount change the same in also inventory amount as it leads to different opening value and consumption
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On 05 February 2021 at 18:39
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ARTICLE
752 Points Posted on 05 February 2021
Okay....yeah...thanks a lot
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On 05 February 2021 at 18:42
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Chartered Accountant
24588 Points Posted on 06 February 2021
Ur welcome
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On 06 February 2021 at 06:22

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