Question

Which of these is part of opening stock in trading a/c?

• A. Stock of food.
• B. Postage stamps.
• C. Trading goods.
• D. Stationery items.

Answer 1

Answer: (C)

Trading goods.

Opening stock is the value of goods available for sale at the beginning of an accounting period. Trading goods are the part of the opening stock in the trading account. Trading goods means the company will not manufacture those goods, they will purchase the goods from the vendor, then they will supply to the customer.