1 Comment Already

Sandy Said,
June 23rd, 2009 @6:58 am  

You must be from England.

Opening stock = Beginning inventory (i.e. at Jan. 1)
Closing stock = Ending inventory (i.e. at Dec 31)
assuming you have a Dec 31 financial year-end

Opening stock
+ Purchases
- Closing stock
= Gross profit

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