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what is the difference between trial balance and the balance
sheet.?
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Answer / srismitha
Trail balance doesn't contain closing stock.
Trail balance shows the accuracyof the balances in ledger
accounts.
B/S holds closing stock
B/S explans the financial position of the business
| Is This Answer Correct ? | 5 Yes | 0 No |
opening stock rs.6000 purchases rs.22000 cash sales rs.18000 credit sales rs.12000 calculate closing stock if rate of gross profit on cost of goods sold 25%.
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