Why the closing stock will not appear in the Trial Balance?
Answers were Sorted based on User's Feedback
Answer / murali royal
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. It always comes under adjustments
It has two fold effect
1. We have to show at credit side of Trading account
2. we have show as current asset at asset side in balance
sheet
Is This Answer Correct ? | 11 Yes | 1 No |
Answer / balu
It is calculated as the Opening stock of next year
Is This Answer Correct ? | 4 Yes | 0 No |
EPS
What is the meaning of Revenue?
Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account
What Do u mean by deffered Tax Liability
when calculating for np% do i include interest or do i take it off
What is the entry for deprecation?
Expand ________ACAT
please send me a HSBC basic accounting question & answers to my mail id.
what is the diffrance between fund flow statement and cash flow statement.
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?
Short Answer on _____________Whole Sale Trade
What are direct and indirect expenses