Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


why closing balance do not come in trial balance?if it is in
which case it comes?

Answers were Sorted based on User's Feedback



why closing balance do not come in trial balance?if it is in which case it comes?..

Answer / satyanarayanaraju

All closing ledger balances will be placed in trial balance
But closing balance of stocks will not be placed here. It
is an adjustment entry which will be passed in the year end
by taking the physical balance valued at the least price of
market or purchase price into consideration

Is This Answer Correct ?    18 Yes 0 No

why closing balance do not come in trial balance?if it is in which case it comes?..

Answer / sunil kumsr panday

Opening Balance ( Opening TB) will come period starting
time only. That also perivious period ending balance(
Except Year ending and being balances in revenue items)

Is This Answer Correct ?    2 Yes 0 No

why closing balance do not come in trial balance?if it is in which case it comes?..

Answer / vijay007in

you are talking about which balance? period Closing balance
only will come in Trail Balance.

I think you are asking about opening balance

Opening Balance ( Opening TB) will come period starting
time only. That also perivious period ending balance(
Except Year ending and being balances in revenue items)

Regards
Vijay

Is This Answer Correct ?    5 Yes 4 No

why closing balance do not come in trial balance?if it is in which case it comes?..

Answer / ashish

as i thinks the question is asking abt why there no any
balance comes in trail balance
if any balnce comes in trail balance than it will be wrong.
if both the side of amount match than it will be right.

Is This Answer Correct ?    3 Yes 6 No

Post New Answer



More Accounting AllOther Interview Questions

Expand P P F

1 Answers  


What tax form should an LLC with two partners use?

1 Answers  


Expand ________BBC

2 Answers  


what is the difference between saving a/c and current a/c.?

3 Answers  


What is the proces of transfer of goods from one branc at Mumbai to the other jBranch at Ajhmedabad? Clearly state the provisions of the relevant Act?

1 Answers  






my company purchase a new Accounting (Tally) pakage how to treeated this pakage my question is it is assest or indirect expences

2 Answers  


What is meant by Revenue Loss

0 Answers  


what is the gernal vocher ?

3 Answers   PWC,


In direct and indirect expenses we know direct means expenses incured durning prodution process, indirect means expenses incureed after prodution process, apart from manufacturing concern , what do mean by direct & indirect expenses.

3 Answers  


Where we show the Contingent Assets.

6 Answers  


Expand------BIFR

1 Answers  


i dono how to calculate vat pls help me

5 Answers  






Categories