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where the closing stock appear in Trial Balance?
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Answer Posted / narayan shetty
Clossing Stock not appearing in the Trail balnce. it is
only apearing Balance sheet after computing cost of sales.
Opening stock+purchase-sales=clossing stock
| Is This Answer Correct ? | 7 Yes | 5 No |
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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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