i would like to know is closing stock appear in trial
balance & it appears in which side in trading a/c
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Answer Posted / preethpal
its does not apear either in trading a/c but is written in
debitside of assets in balancesheet
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Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
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