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why closing balance do not come in trial balance?if it is 
in which case it comes?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 1
The trial balance is the summery of the varrious accounts
balances, while the Closing is not a balance but evaluate
for getting actual position of the year, Hence the closing
balance is not consider into trial balance . Whille for
information we can give seperate line in bottom of the
trial blalance.
Is This Answer Correct ?    17 Yes 1 No
# 2
Closing Stock does not appear in a Trial Balance simply
because it is already included either in the figure of
"Opening Stock" or in "Purchase"(depending upon stock
clearance method like FIFO,LIFO used)or in both.As both of
these items appear in Trial Balance as Dr. items,therefore
Closing Stock can not be shown again as a Dr. balance in
Trial Balance because then it will be double
counting.However,in case of Trading Account it can be shown
as it appears as Cr. item.Cost of goods sold can be derived
from these three figures with the following method:
Cost of Goods Sold = Opening Stock + Purchase - Closing Stock
Is This Answer Correct ?    13 Yes 4 No
Kuntal Ghosh
# 3
The reason why 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.It records only transactions which have a two way effect for EG:Purchases where goods are bought against cash or credit and sales where goods are sold against cash or credit..But closing stock is not a transaction having a two way effect any given point in time.It is only an indication of the goods lying in the factory at the end of the year.It is therefore showed below the trial balance and not in the trial balance.However in order to derive at the exact gross profit the closing stock is taken into consideration in the trading account and also appears as an asset in the balancesheet.In some case the closing stock appears as an adjusted purchase account in the trial balance and in this case it does not appear in the trading account but appears only in the balance sheet. 
Is This Answer Correct ?    11 Yes 3 No
# 4
the closing balance is not come because in T.B opening
stock balance A\C will shown on the debit side in T.B
& current year purchases will shown in dr side and credit
side current sales will shown that way not shown in trial
Is This Answer Correct ?    14 Yes 9 No
# 5
coz tb is nt the final picture which reflects the position
of a is the b/s .
Is This Answer Correct ?    4 Yes 13 No

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