Interested to Buy Any Domain ? << Click Here >> for more details...
Is closing stock will recorded in Trail balance?
- 9 Answers
- 20409 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sunitha c
Closing stock will not be recorded in Trail balance it will
be shown as adjustment
| Is This Answer Correct ? | 32 Yes | 6 No |
Answer / venkat
Trail Balance adjustements are two ways---
1.if in case it shows on adustments then it is shown on
trading a/c credit side and balance sheet assets side.
2.if incase no information is available in adjestments the
it is directly shown on Balance sheet assets.
Their is no information about closing stock then
opening stock is treted as closing stock.
venkat
9603282777
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / 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 |
Answer / rajesh kashyap
Closing Stock will be shown in Proit and Loss a/c and
Assets side of balance sheet and also will be shown in
Trail Banlance when it is an Adujustment Entry
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / mehtab ahmad
yes closing stock is recorded in trial balance because it
will be posted in balance sheet
| Is This Answer Correct ? | 3 Yes | 4 No |
Answer / rajesh kumar
yes closing stock will recorded in trial balance.in Trial balance closing stock shown in credit side and opening stock shown in debt side it means we know about what is my direct exp. and make profit and loss account.so it is nesseary to recoded in trial balance in callander year.
| Is This Answer Correct ? | 2 Yes | 4 No |
If Closing Stock will given in Trial Balance. That means
Nex year is No Business that firm.
[If Closing Stock is given the Adjustement next
year is run the business. These closing stock will charged
to Trading A/c. Credit side and Balance Sheet Asset side.]
| Is This Answer Correct ? | 1 Yes | 4 No |
Answer / kavita kotian
Closing stock will not recorded in trail balance. It is
recorded in P & L a/c
| Is This Answer Correct ? | 6 Yes | 19 No |
how many schedules are there in accounting?
what is public ltd company and difference between public ltd company and public sector undertaking?
6 Answers Capital IQ, College School Exams Tests,
What is Insider Trading ?
what is accountig methods?
Expand ________FAQ
Expand CDR
How do you identify the amount of realised gain or loss on the disposal of an investment asset?
What is cost accounting?
What is the working formula for Inventory turnover
define export sales contract. distinguish between export sales contract and domestic sales contract.
What are intangible Assets?? ASKED 12.12.2008
What are the stages involved while preparing business blue print with examples?
Audit 
