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ACF Cooking Professional Exams

Category - Culinary

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The value of goods in the restaurant on hand at the beginning of a given period is known as:

Opening Inventory
In House Assets
Net Assets
Opening Assets

Explanation

ANSWER: A - Opening Inventory is the value of goods in a restaurant on hand at the beginning of a given period. This monetary value expresses the assets of food goods to give a more accurate assessment of a restaurants financial status.

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