Answer / k.r

we show Opening balance in trial balnce but not show
closing balance , because we show purchase and sale than we
find automatically closing stoch with the figure of
Purchase and sale

Answer / ameer

Opening stock is shown in the tb. Because it is the stock balances of previous year. Whereas closing stock is not entered in tb. Because the stock is created only when purchase made.Purchases are show already in tb.When we show the closing stock, there is the double effect of purchases. Stock is already included in the purchase on the tb

Answer / nisha jaiswal

because opening stock is an asset and all asset are shown
in trial balance

double entry system

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DEPRECIATION

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how to make budgeting ?

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2 Answers  

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