is we should taken the cl or op. stock in trail balance
Answer Posted / roshan
we should take opening balance in trial balance and we get
closing balance in adjustment.
last year closing balance is current year opening balance
Is This Answer Correct ? | 13 Yes | 1 No |
Post New Answer View All Answers
Tell us depreciation and its types?
get fixed assets items
Tell me what is gaap?
what are the basic elements to prepare a quarterly information system and how to calculate that items?
what is general accounting
Explain me the basic accounting equation?
The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty
why accounting is important in business?
What does overhead mean in regards to accounting?
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
Tell me what is tally accounting?
What was your most complicated sales cycle in past positions?
The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above
Do you know overhead in terms of accounting?
What is the limitaion of the Trial Balance?!