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why opening stock posted in expences side in trading account
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Answer Posted / mandar
like debtors a/c always has debit balance, and credit a/c
always has credit balance....for their balance to be
existed, inventory a/c also always has credit balance(as
inventory can't go in negative). thus, to tally both sides
of the a/c, cl. stock. is written at credit side...and thus
opening balance is then written at debit side, as it is
carried forward.
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