The Trial balance will show only the Opening Stock & Purchase for any given period, but for Profit and loss, we have to calucate the Opening + Purchase – Closing stock ?
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Answer Posted / saheersaffar
however when u manually make a P & L from Trail balance, the closing stock will be simple, Add all the Revenue less the expenses & Deprication, and there will be a figure in Trial balance for Retained earning this difference should match with your closing stock Physical inventory valuatation (is this statement correct?)
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