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