Why closing stock are not shown in trial
balance?
Answers were Sorted based on User's Feedback
Answer / shyam kumar
Closing Stock is the combined result of the (Opening stock
+ Purchase - sales ) for which we already entered in
Ledger and Trial A/C . showing again is just giving the
doubt effect to account
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / soumya ranjan barik
If the purchases are shown in trial
balance after deduct closing stock then
the closing stock are shown in ttial
balance.if not the closing stock are
included in the purchase.
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / vignesh
closing stock is not a real closing stock its an opening
stock for next year, closing stock will shown only on
winding up of company
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / ritik kumar
closing stocks are related to a stocks in which it con not bring again in market not benefits towards public
| Is This Answer Correct ? | 0 Yes | 1 No |
what is vendor setup?why it is required in accounts payable process?
general entry for credit purchases, credit sales, golden rules of accounting,what is contribution.
What accounting Treatment we should do while we received Amount Rs 39200 After deducting Tds 800 From Invoice Amount 40000. Kindly also explain for deducting Tds should be booked under which Head of Tally.
What is Accounts Recivable & Payble???
what is the final accunt
What is derivates and types of derivatives?
define contra entry?
why profit and loss account debit balance appeare in the asset side of balance sheet?
11 Answers Genpact, HCL, Rites,
what is the definition of dual reporting in view of global market?
Cash bill of sale so the company can deduct the amount.
what is mercentile system in accounting
As you know any other accounting application?