Which is the adjustment
which is not a part of
Trial balance but a
part of Balance sheet ?
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Closing Stock - For which no entry is passed in the books to
give double entry (Debit-Credit) effect.
Depreciation entry is passed in the books & will appear in
the Trial Balance also.
Ans. at#1 above is correct.
| Is This Answer Correct ? | 26 Yes | 0 No |
Answer / qaiser
closing stock doesnot appear in the Trial balance but the
same appears in the balance sheet
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / pushpendra agrawal
closing stock is part of balance sheet but this is not a
part of trail balance.
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / kavya
1. adjustment is that which we duduct are add value
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / md asif ali
closing stock is the part of the balance sheet use to
make as adjustment. exp:closing stock showed in credit side
of the trading a/c and also asset side of the balance sheet
(for the adjustment)
Trial balance: closing stock in trial balance just posted
(if given) but its no the part of the adjustment
| Is This Answer Correct ? | 0 Yes | 4 No |
what is , Purchase & Sales Return?
hello friends i like to know journal entry for one loan transaction ie if you purchase a car for EMI with initial payment how to make first entry & monthly entry any thing is there? pls reply to me.
what is the meaning of revenue income and revenue expenditure
In the General Ledger.. When putting discounts, you put discounts on the DR side for Creditors and Discounts on the CR for Debitors.. Which side does discount go on for the rest of the accounts such as Purchases, M Dog, L Shirt, and L Dress?
what is the journal for bank charges? Give me sms on this no. 9885789716
What is the journal entry for insurance premium payment of a company
Differance between US GAAP and UK GAAP?
What is the entry for bank guarantee,
7 Answers Karadi Path, Levtech Consulting,
what is the maximum no. of persons/members in a private limited co.
what do you mean by Firm
what is "goodwill" reserve and surplus and reserve with example
how sales invoices adjusted against advance received from Debtor?