Answer / ram krishna trivedy

Hi Friend,
Closing stock will never appear in trial balance only
opening stock will come in trial balance in the debit side.

Answer / subhash a.

Hi friend, please ask question properly. What is your
problem here? Whether it is Why, How or When to show the
closing stock in trial balance?

An entry is required to show the closing stock in TB:
How:
Closing Stock A/c Dr. xxx
To Purchases A/c xxx

Why:
To arrive at the actual cost of goods sold.

When:
when we adopt accrual system of accounting in book.

Here we are to share our problems and progress in our
careers. Hence, i request everybody to ask questions
properly and give answers properly. Best of Luck all the
friends in their careers.

Answer / sajjad1

In case closing stock appear in the TB then its only tale
in to the Balace Sheet Because the appearance of Closing
stock in the TB shows the Stock in trade not a stock in hand

Answer / sajjad1

if the closing stock appear in the trial balace then we can
only take it in the balace sheet under curren assets, we
can't take it in the Trading A/C.

Thanks

5. What would be the pay-back period of a project requiring initial investment of $10,000/- and expected to generate a cash flow of $ 2,000/- per year?

1 Answers  

---

HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?

1 Answers  

---

what entry can be done for the payment to auditor?

2 Answers  

---

what is trial balance? How to prepare trial balance?

2 Answers   Capital IQ,

---

Explain an example of a tough decision you had to make quickly?

1 Answers  

---

what is Cost of Goods Sold give example?

3 Answers   EDS,

---

IS IT NECESSARY TO TRANSFER DATA FROM WTALLY9 TO EXCEL AND VISE VERSA?

3 Answers   Infosys,

---

Called-up capital ?

3 Answers  

---

where unclaimed dividend will come in the balance sheet?

5 Answers  

---

what is accounting concept? explian in brief?

9 Answers   Capital IQ, Hero Honda,

---

Credit balance of suspense A/c will be shown in

1 Answers  

---

what are the voucher entries of gratuity in tally

3 Answers  

---