Answer / tan

After I search the answers on the internet , one of them
states like this :

Trail Balance sheet: It is statement which contains all ledger
account balances.

So here closing stock is not a ledger account. So it won't
appear in trail balance.

closing stock is not taken into account in a trial balance
is because a trial balance is a balance of all ledger
account a given point in time

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Personally speaking , I agree with the statement "closing
stock is not a ledger account" , but the fact is that the
opening stock needs to be included when preparing the trial
balance , so does it mean that opening stock is a ledger
account ?

1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE?

2 Answers   Engineering, FactSet Systems,

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8 Answers   Genpact,

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say something about your school

0 Answers   Cognizant,

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5 Answers  

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8 Answers   Capital IQ, Genpact,

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