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where the closing stock appear in Trial Balance?
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Answer / prateek gupta
closing stock do not appear in trial balance.
| Is This Answer Correct ? | 78 Yes | 26 No |
Answer / sugata bhattacharya
Closing stock will not appear in the Trial balance. If
there is purchase adjusted than it only appear in the Trial
Balance
| Is This Answer Correct ? | 45 Yes | 11 No |
Answer / shoukatali
Closin Stock does not appear in Trail Balance because the
trail balance is a balance of all account a given point in
time. It records only transations which have two way
effect
| Is This Answer Correct ? | 32 Yes | 8 No |
Answer / prashanth 09849535484
Closing stock is a asset at the end of the year.
It is considered in the trading account means it does not
mean that it is income/expense.Instead of deducting from
the purchase it was taken on the credit side.
If the purchase adjusted before the closing the trial
balance,then it can be taken on the debit side of trial
balance.
| Is This Answer Correct ? | 26 Yes | 5 No |
Answer / mohan
Clossing stack will not appear in trial balance, it will
appear only in balancesheet asset side, clossing stock is
our assets.
| Is This Answer Correct ? | 17 Yes | 3 No |
Answer / jp
Closing Stock is appearing in credit side of the Trading
account. It is not appearing in the Trial Balance. Sales,
sales returns (Deducting from Sales), and the closing stock
are the items coming in credit side of the Trading account
| Is This Answer Correct ? | 19 Yes | 10 No |
Answer / vijay yadav
Clossing stack will not appear in trial balance.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / r.ramesh
IF WE SHOW OPENING STOCK IN PROFIT & LOSS A/C, THEN WE HAVE
TO SHOW CLOSING STOCK IN CREDIT SIDE OF P & L A/C.
OTHERWISE WE HAVE TO SHOW IT IN BALANCE SHEET ASSET SIDE
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / murali
it snot come in wrile blance it comes in adjusment we r
taking in credit side of the p/l a/c
| Is This Answer Correct ? | 4 Yes | 1 No |
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1. A firm buys stock for $100 by cheque and intends to sell it for $200, so the double entry should be a) Debit bank $100 and credit stock $ 100 b) Credit bank $ 200 and debit stock $ 200 c) Debit purchases $100 and credit sales $ 200 d) Debit purchases $ 100 and credit bank $ 100
Why we do show Closing Stock in under Trial Balance & not in Trial Balance
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