when is the closing stock shown in the trial balance?
Answer Posted / dinesh patel (newton)
Closing Stock is placed in Trial balance only in two cases:
(1) when closing stock amt is subtracted from purchases.
(2) gp/gl is given.
Is This Answer Correct ? | 9 Yes | 3 No |
Post New Answer View All Answers
Why do you want to work in audit?
What is non statutory audit?
What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?
Audit strategy based
Why a company or firm should carry out the audit related work.
Whats are the importance of evaluating an internal audit department?
What is an audit process?
Do you know the different types of audits?
What is the role of internal audit?
What are intangible assets?
what is the PRPOER way of accounting salaries ETF EPF
Why you want to be a auditor?
When should a company sack its auditor?
can external audit be seen as merely an overhead cost adding no value to the orgnisation
Explain the purpose of meeting in audit?