Why closing stock are not shown in trial
balance?
Answer Posted / shyam kumar
Closing Stock is the combined result of the (Opening stock
+ Purchase - sales ) for which we already entered in
Ledger and Trial A/C . showing again is just giving the
doubt effect to account
Is This Answer Correct ? | 11 Yes | 1 No |
Post New Answer View All Answers
what are the voucher entries in tally for medical insurance
when we can submit Form-C to the Sales Tax Dept. What is the period to issue Form-C to the supplier
Mention what are things will not be included in a bank reconciliation statement?
Explain what makes a successful account manager?
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?
my question is I am finance student I want to know which type of the question are asked by the interwier in interview.
Explain what is accrual accounting?
describe the rule of garner vs murray and how it relates to the dissolution of a partnership
Differentiate between provision and reserve?
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
Tell me what does the standard journal entry includes?
What have you read in the newspapers in the last few days that particularly interested you?
kindly send the TDS tariff on Security expenses, rents, transport charges etc.,
export sales contract and domestic sales contract? india's trade in commercial services?
What is the difference between Accruals and Provisions?