Why we show always closing stock in credit?
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Answer Posted / sudeep
Closing stock is the balance of our raw material at the at
of the year which have to carry forward to the next year,
so closing stock is asset for the our firm that why we put
the entry goes to trading account
credit side and other effect goes to balance sheet asset
side
| Is This Answer Correct ? | 38 Yes | 17 No |
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