Is closing stock will recorded in Trail balance?
Answer Posted / rahul verma
treatment of closing stock.
1. closing stock are shown as foot note in trail balance.
2.if we want to show it in trial balance we have to show
adjusted purchase in trial balance i.e.
o.stock+ purchase-closing stock.
after that we can not show opening stock in trial balance
but we show closing stock in trial balance.
but we not show closing stock in trading a/c.
rahul verma
9414499629
Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L
EXPAND___________NAA
Distinguish between sale and consignment
What is payment/receipt/period accruals?
Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com
1.What are the basic accounting Standards ?? 2.What is the main importance of Bank Reconcilation Statement? 3. What is Form 407 in Vat ??
state and explain THREE types of situation to which accounting concept might be applicable
What is COVER payment?
What are the rates of Depreciation? Like machinery items, wooden items?
WHAT IS GENERAL LEDGER HOW MANY TYPES OF IT, AND WHEN GL WILL USE IN WHICH SITUATIONS DESCRIBE ME
When is a dedit note raised When is an expense booked
WHAT IS INTEGRAL ACCOUNTING
Explain about Fixed capital
What is limit of turnover for registering under CST & limit of Form 'C '
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?