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Why don't show the opening & closing stock in Trial Balance.
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Answer / k.r
we show Opening balance in trial balnce but not show
closing balance , because we show purchase and sale than we
find automatically closing stoch with the figure of
Purchase and sale
| Is This Answer Correct ? | 6 Yes | 4 No |
Answer / ameer
Opening stock is shown in the tb. Because it is the stock balances of previous year. Whereas closing stock is not entered in tb. Because the stock is created only when purchase made.Purchases are show already in tb.When we show the closing stock, there is the double effect of purchases. Stock is already included in the purchase on the tb
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / nisha jaiswal
because opening stock is an asset and all asset are shown
in trial balance
| Is This Answer Correct ? | 0 Yes | 5 No |
6, state with reasons wheather the following items are capital expenditure or revenue expenditure i, A factory building was constructed at a cost rs 1500000 a sum of rs 64000 were incurred for the construction of huts for storing building materials ii, rs 5000 paid for removal of stock to a new site iii, expenses incurred in connection with obtaining a license to start the business were rs 15000
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