where the closing stock appear in Trial Balance?

Categories >> Accounting >> Accounting AllOther
Suggest New Category

Question Posted / janhavi

17 Answers
42859 Views
Vibgyor High School, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

where the closing stock appear in Trial Balance?..

Answer / narayan shetty

Clossing Stock not appearing in the Trail balnce. it is
only apearing Balance sheet after computing cost of sales.
Opening stock+purchase-sales=clossing stock

Is This Answer Correct ?

7 Yes

5 No

where the closing stock appear in Trial Balance?..

Answer / anu

Closing stock is the balancing part of (Opening stock + purchases - sales) which are already shown in the Trial balance. Again showing the closing stock gives a double effect resulting in the trial balance not tallying. Hence closing stock does not appear in Trial Balance.

Is This Answer Correct ?

1 Yes

0 No

where the closing stock appear in Trial Balance?..

Answer / ramesh

THE CLOSING STOCK WILL COME IN THE CREDIT SIDE OF THE
PROFIT & LOSS ACCOUNT

Is This Answer Correct ?

31 Yes

31 No

where the closing stock appear in Trial Balance?..

Answer / libin

we can take the closing stock in trial balance if it adjusted with the purchase

closing stock DR

TO purchase

Is This Answer Correct ?

0 Yes

0 No

where the closing stock appear in Trial Balance?..

Answer / yash

closing stock appear on the asset side as it is our asset.
It is also appeared on right side of trading account.

Is This Answer Correct ?

0 Yes

0 No

where the closing stock appear in Trial Balance?..

Answer / d.sanjana

Closing stock is the left over asset at the end of the accounting year .So if closing stock is in trial balance then it means that it has already been adjusted with purchases (based on matching concept). If its featuring outside trial balance then it means that it has not been adjusted with purchases. So it must be shown in two places

Is This Answer Correct ?

0 Yes

0 No

where the closing stock appear in Trial Balance?..

Answer / mohan jadhav

clossing stock appears in trial balance Credit side.

Is This Answer Correct ?

10 Yes

17 No