why closing stock is not shown in trail balance

Answers were Sorted based on User's Feedback



why closing stock is not shown in trail balance..

Answer / yathursy

closing balance of the current year will be the opening
balance of the upcoming or the next year thus closing
balance will not reflect on the trial balance

Is This Answer Correct ?    25 Yes 1 No

why closing stock is not shown in trail balance..

Answer / sumitra.raghavan

closing stock are not shown in trail balnc becoz its adjusted
wid purchase

Is This Answer Correct ?    5 Yes 2 No

Post New Answer

More Accounting General Interview Questions

What are the major components of country's trade account?

0 Answers   Franklin Templeton, Industries Promotion Officer, Wipro,


what is bill payable?

3 Answers  


what is capital and revenue expenditure

2 Answers  


Tell me what is “deposit in transit”?

0 Answers  


why the closing stock arises in the trading account of final accounts

2 Answers  






How do you add/remove a payment block for particular invoice ?

0 Answers  


what is assest and liability? give examples

2 Answers  


what is invoice

1 Answers   TATA,


What is accrued expenses .and what is differance between accrued Expenses & Accrued Income?

3 Answers   HCL, HP,


What is the journal and payment entry of P.F and E.S.I

21 Answers   ABC, Chartered Accountant, IBM, Kohinoor,


wages and labour entry

1 Answers  


i dont know to calculate sales tax. how to calculate sale tax and what are basic procedure to calculation sale tax. i want basic procedure. any to know calculation of sales tax please send my mail. my id: rajendiranraje@gmail.com

1 Answers  


Categories