why closing balance do not come in trial balance?if it is in
which case it comes?
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Answer Posted / vijay007in
you are talking about which balance? period Closing balance
only will come in Trail Balance.
I think you are asking about opening balance
Opening Balance ( Opening TB) will come period starting
time only. That also perivious period ending balance(
Except Year ending and being balances in revenue items)
Regards
Vijay
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Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
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