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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
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 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
i would like to know is closing stock appear in trial 
balance & it appears in which side in trading a/c
 Question Submitted By :: Neeraj Kumar
I also faced this Question!!     Rank Answer Posted By  
 
  Re: i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c
Answer
# 1
sir,

in trail balance not appear closing stock and in will come
only trading a/c credit side
 
Is This Answer Correct ?    10 Yes 2 No
Venkatesh
 
  Re: i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c
Answer
# 2
which will be posted in credit side e 
Is This Answer Correct ?    4 Yes 2 No
Anil Venna
 
 
 
  Re: i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c
Answer
# 3
It will appear on the cr. side of Trading A/c. 
Is This Answer Correct ?    5 Yes 1 No
Tapas
 
  Re: i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c
Answer
# 4
No Closing Stock does not appear in Trial Balance.
Further Closing Stock will appear in Credit Side of Trading
A/C.
 
Is This Answer Correct ?    3 Yes 0 No
Kcn
 
  Re: i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c
Answer
# 5
its does not apear either in trading a/c but is written in
debitside of assets in balancesheet
 
Is This Answer Correct ?    2 Yes 5 No
Preethpal
 
  Re: i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c
Answer
# 6
No Closing Stock does not appear in Trial Balance.
Further Closing Stock will appear in Credit Side of Trading
A/C.
 
Is This Answer Correct ?    4 Yes 0 No
Prajakta
 
  Re: i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c
Answer
# 7
Closing stock can come either in the trial balance or
outside the trail balance it depends upon the calculation of
purchase or cost of goods sold.

In first case when closing stock is the part of trial
balance then it will not be a part of trading account then
it will shown on the asset side of balance sheet

In second case when closing stock is not a part of trial
balance means it comes as adjustment with trial balance then
it comes on the credit side of trial balance and it is also
shown on the asset side of balance sheet
 
Is This Answer Correct ?    2 Yes 1 No
Bharat Bhushan Sachdeva
 
  Re: i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c
Answer
# 8
Closing Stock doesnt appear in Trial Balance.
but appears in Credit Side of Trading
A/C.
 
Is This Answer Correct ?    1 Yes 0 No
Prajakta
 
  Re: i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c
Answer
# 9
closing stock come under credit side of trading a/c , but it's not comes in trail balance, information given only in adjustment. usually adjustments given below the trail balance. 
Is This Answer Correct ?    1 Yes 0 No
Saranya
 
  Re: i would like to know is closing stock appear in trial balance & it appears in which side in trading a/c
Answer
# 10
As such no body will maintain a closing stock / stock
account in ledger. Trial balance shows the ending balances
of the ledger only, hence there is no question of taking
closing stock in TB. It appears in adjustments and to be
shown on the credit side of Trading acct and in Balance
sheet under Assets.
 
Is This Answer Correct ?    3 Yes 1 No
Srinivas Annavarapu
 

 
 
 
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