Answer / murali royal

Trail Balance sheet: It is statement which contains all ledger
account balances.

So here closing stock is not a ledger account. So it won't
appear in trail balance. It always comes under adjustments
It has two fold effect
1. We have to show at credit side of Trading account
2. we have show as current asset at asset side in balance
sheet

Answer / balu

It is calculated as the Opening stock of next year

EXPAND_________VBRI

1 Answers  

---

How can i download International accounting Standards (IAS ) (41) from the internet in PDF format .Please can u tell me site name.

2 Answers  

---

what is the difference between cash book and petty cash book?

15 Answers   Spectra Soft,

---

what is the difference between accrual and provision

2 Answers   Genpact,

---

Hi friends, can you please send me GENPACT's Accounts Test Questions. Thanks in advance.

7 Answers   Genpact,

---

---

discuss how accrual concepts and matching concepts are the same

3 Answers  

---

Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?

0 Answers   Muthoot Group,

---

How many types of Purchase Orders are there ?

2 Answers  

---

What is meant by undercast and overcast in accountancy? Explain with some transactions and their corresponding journal entries.

4 Answers   ICICI,

---

please tell defination of goodwil and copyright?

2 Answers  

---

What is contingent liability.

5 Answers   FactSet Systems,

---

what is diff between accrued and Outstanding Account?

2 Answers   Ramco,

---