Open Stock

Closed Stock
Closed stock refers to merchandise sold only in complete sets, where individual items from the set cannot be purchased separately, and there is no guarantee that replacements will be available in the future.
Open Stock
Open stock refers to retail items available for purchase individually or in a specific pattern, where there is no guarantee they will always be in stock, though they can typically be reordered if not discontinued.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.