Accounting · Inventory and Stock Account
Under the periodic inventory system, why does the opening stock account balance remain unchanged during the financial year in the ledger?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Because stock adjustments are managed using external software outside the ledger.
- 2Because stock is considered an unchanging fixed asset.
- 3Because purchases and sales are recorded in separate accounts, and stock is adjusted only at the end of the period.✓
- 4Because physical stock is never counted during the accounting period.
Correct answer
Because purchases and sales are recorded in separate accounts, and stock is adjusted only at the end of the period.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Inventory and Stock Account MCQs →Want more practice questions on Inventory and Stock Account?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Inventory and Stock Account