adspace


why opening stock posted in expences side in trading account

Answer Posted / mandar

like debtors a/c always has debit balance, and credit a/c
always has credit balance....for their balance to be
existed, inventory a/c also always has credit balance(as
inventory can't go in negative). thus, to tally both sides
of the a/c, cl. stock. is written at credit side...and thus
opening balance is then written at debit side, as it is
carried forward.

Is This Answer Correct ?    5 Yes 11 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?

2621


when will be appsc exams will held pls give me the dates

2759


Does any one attented HSBC audit compliance test? Please let me know asap. suraj

2899


Treatment of Government grant and its utilization in P

2206