Which type of stock show in trail balance. Op. Stock or Cl.
Stock & Why?

Answer Posted / kavita dive

opening stock is a show in trial balance because a trial
balance is not a conclusive proof of the absolute accuracy
of the account. trial balance indicates the presence of
bookkeeping error.

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?

651


What are the accounting events that are frequently involved in compound entries?

672


A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.

4281


Define push down accounting?

607


What are the advantages of computer accounting over paper accounting?

602






My boss said to me "Calculate Tds for the month of may 2018 from bank statement". my Boss business is Proprietorship of Construction and designing work. How I can calculate Tds liability.

921


As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?

617


WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE

13474


why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason

1102


What is computerized accounting?

634


hai everone,can anyone send me the accounting ,finance,general interview questions for mba freshers plz.....urjent

2252


What steps would you take to locate the errors in case trial balance disagrees?

621


how to deduct tds on income from other sources with examples

1639


How many accounting standards are currently published?

672


WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"

1909