Interested to Buy Any Domain ? << Click Here >> for more details...
where do you enter a closing stock
- 11 Answers
- 15342 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / mukesh
it shows in trading a/c and in balance sheet also
| Is This Answer Correct ? | 23 Yes | 2 No |
Answer / komal sahu
Closing Stock in enter in Trading A/c.of Credit Side and
also showing in Balance sheet of Assets Side.
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / satyaki_raju@yahoo.com
As everybody said it is placed in trading account.I would
like to give some expalnation regarding the answer
1.It is placed in credit side of Trading account.It means
the trader deducting the remaing portion of stocks lying
with him by placing it on credit side.You can understand it
as balancing system.
2.The same quantity with value will be again placed under
assets side of the balance Sheet.The remaing portio of
purchased stocks are lying with him. Traeting it as asset
we will keep them under asset side
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / sujatha
In trading account credit side & in the balance sheet asset side
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / umesh tayal
Closing Stock in enter in Trading A/c. or P/L A/c of Credit
Side and
also showing in Balance sheet of Assets Side.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / balu
credit side of trading account & assets side of BalanceSheet
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / jancy
in trading a/c credit side and also showing on balance
sheet in asset side
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / radha
credit side of trading account and assets side of
balancesheet.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / divya s
credit side of the trading A/c and asset side of the
balance sheet
| Is This Answer Correct ? | 1 Yes | 0 No |
Expand SOIT
Expand L T A
Expand----------KIOCL
What is the defination/meaning of Mercantile Accounting?
differences between liabilities and assessts
What Do You Understand By The Word Accounting
7 Answers ADP, College School Exams Tests,
Expand ________DMT
What do you mean by the word Purchase
Transfer nett profit of Rs 325000/- to Reserves and Surplus
which a/c affect by contra entry
expand V R S
What is double entry book keeping?
Audit 
