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The Trial Balance of M/S Ram & Co,Shows chosing stock of
Rs,30000. It will be recorded in: - ..................
(a) Trading A/c; (b) Profit & Loss A/c; (c) Balance Sheet;
(d) Both (a) & (b)
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Answer Posted / sumit
First of all this Question asked is in a wrong way,
Closing stock never appears in Trial balance.
and Closing stock will be posted under Trading account Credit side and under the balance sheet it will come under Current asset first item as Stock to complete the double effect.
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