Opening Stockrefers to the quantity of a particular product that a business has in stock at the beginning of an accounting period. It serves as the starting point for tracking inv… See more

New Purchasesrepresent the quantity of a particular product that a business acquires from suppliers during the accounting period. 1. Set up a new sheet or table specifically … See more

Salesrefer to the quantity of a particular product that a business sells to customers during the accounting period. To track sales: 1. Set up a new sheet or tablespecifi… See more

Now let’s calculate the inventory for different items. This represents the quantity of a particular product that a business has in stock at the end of an accounting period. 1. In cell G… See more