The Closing Stock should be shown at the end of the Fiscal
Year so that to calculate the earning. This means at the end
of the F/Y a journal for closing stock adjustment should be
raised.

This is showing of year ending  . this means at the end of 
the financial year  a journal for closing stock adjustment  
will showing thats all.

At the end of the FY ie. 31st March and its shown in credit 
side under indirect income.

closing stock suld be shown in the t.b at the end of 
financial year so dat inventories are properly valued

closing stock should be shown in the trail balance at the 
end of the financial year so as to know value of the stock 
remaining in the organisation

CLOSING STOCK SHOWN AT THE END OF THE F/Y MEANS CLOSING 
BALANCE OF STOCK AS ON 31ST MARCH OF EVERY F/Y IT,S HELP 
FOR FINDING OF OUR GROSS PROFIT AND ALSO INCLUDED IN 
CURRENT ASSETS.

NO, BECAUSE THIS SHOW THE OUT OF TRIAL BALANCE

Generally Closing Stock not comes  on T/B. At the end of the
year it shown on out of trail balance .when the company year
ended we can shown it T/B

Closing stock play a very vital role in preparation of 
financial statement .i.e.trading profit and loss account.
without C.S.we cannot find the exect position of financial 
statement i.e.gross profit and gross profit is transfered 
to P &  L account for Net Profit.

and also without C.S.we cannot find the finalcial ratio 
i.e.average stock,and closing stock to turnover ratio and 
all that.

Closing stock is generally shown as an adjusting item 
outside the trial balance.In this case trial balance 
carries the figures of opening balance of stocks and 
purchases made during the year.But when adjusted purchases 
are shown in the trial balance(Opening stock +purchases -
closing stock) instead of purchases, figures of closing 
stock are also displayed on the credit side of the trial 
balance.