Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...

Which type of stock show in trail balance. Op. Stock or Cl.
Stock & Why?

Answer Posted / kavita dive

opening stock is a show in trial balance because a trial
balance is not a conclusive proof of the absolute accuracy
of the account. trial balance indicates the presence of
bookkeeping error.

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me what are things will not be included in bank reconciliation statement?

207


In which account does the unpresented cheque will get recorded?

197


How do you classify errors in accounting?

226


x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?

1196


Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?

517






What is bad debt expense?

229


There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.

1121


swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000

1009


Tell me what is trial balance in accounting?

220


pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.

2062


what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?

1157


How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power

851


Follow up ageing balances of Debtors & Creditors and also Inventory

1256


Define a company's payable cycle?

242


Tell me what is working capital?

200