i would like to know is closing stock appear in trial
balance & it appears in which side in trading a/c

Answer Posted / shanavas

it appears in the Credit side side of the trading account.
and also appear in the Balance sheet under the head Current
Assets.
Not appear in Trial Balance

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is a Balance Sheet & Profit & Loss Account?

1491


how can make configration related with electronic bank statment and how can i upload bank statment to system

1571


I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim

1627


How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?

2446


What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?

1729






WHAT IS CORPORATE ACTION?

1621


Why in partnership fundamental question will add Partnership salary for the year and per month salry add in the cr. Side of the p/l app a/c

1381


what is the nature of bill receivable and consignmenta/c

1991


why cost center is assign to gl account in sap

998


distinquish between liquidity ratio and asset management ratio

1436


how there prepare bank interview

1611


what are the new rules of central excise ?

1436


Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry

1746


Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?

1262


how we could adj. the entries of prop. & firm in merging time

1521