Which type of stock show in trail balance. Op. Stock or Cl.
Stock & Why?
- 9 Answers
- 10825 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sreeram
In trail Balance only the opening stock we will show and
the clsoing stock may not be showing because by the time
exact monetary value may not be known.
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / kavita dive
opening stock is a show in trial balance because a trial
balance is not a conclusive proof of the absolute accuracy
of the account. trial balance indicates the presence of
bookkeeping error.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / suri
Opining stock . T.B is prepared to establish arthimatical
accuracy of accounting work before finalization .but
closing stock is valued at the time of finalization.so
closing stock is not shown in T.B
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / umamaheshwara rao
opening stock, Because last year closing stock will become next year opening stock.closing stock will be showing in trading A/C
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / s s koodi
as per accounting rules we should take a closing stock
because the present year closing stock becomes the opning
stock for the nex assessment year
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / raju
closing stock wiil post in trail balance because of what is
trail balance it means all ledgers closing balances shown
on trail balance so closing balance will take.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / san
Closing Stock for preparing Balance Sheet and closing
balance make the opening balance for new finalcial
year.........
| Is This Answer Correct ? | 2 Yes | 6 No |
Answer / ranjeet solanki
Closing Stock we posted in trial balance becoz when we
finalize balance sheet then we are take closing stock from
trial balance .
| Is This Answer Correct ? | 4 Yes | 15 No |
what is the relation of accounting subject with other subjects like economics commerce and statistics?
are loose tools come under current assets ?
What is Journal Entry for Provision for Leave Salary
4 Answers Bescom, State Bank of Mysore SBM,
1.recivable and payble 2.pf,tds,esi
if any otion in tallyerp9 version about doing Luxury tax work
Goods destroy by fire-journal entry?
if salary paid per month rs. 28000/- i will deduct tds from his salary please what i will do explain
how to see reoprt of miro booking in SAP FI
golden rules of accounting
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
0 Answers Ankur Drugs Pharma, Infosys, RR Donnelley,
i know that preliminary expenses are fixed cost but current or non current
What is ROI?
Audit 
