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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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Answer Posted / 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 |
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