Interested to Buy Any Domain ? << Click Here >> for more details...
where do you enter a closing stock
- 11 Answers
- 15150 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 |
sale of old computor Rs 7500/- was credited to sales account Rectify it
N N SALES: DEPT A 150000 DEPT B 2500 100000 newspaper 1000 rates 500 elect 250 salary 10000 stock 1/4/92 :dept A 2300 DEPT B - stock :1/4/93 dept A 1200 dept B 700 newspaper 300 prepare trading profit and loss account. thanx
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
can you give a answer of below question bco'z I think I will confuse u or i am confused? suppose u deposit amt 50000 ( for one Year) on which u get 4%int per annuam (simple int) give me a journal entry for int ?
is 'loan' categorized as billpayable?explain
EXPAND______________RRB
what is the difference between shares & debentures
What are day-books?
EXPAND_________VT
what is meant by cash purchase?
do you have debit and credit in balance sheet
What is Bank Reconciliation Statement
Audit 
