Dear, Closing stock can also be entertained in trail balance, but u ha

Why we do show Closing Stock in under Trial Balance & not
in Trial Balance

Question Posted / sandeep

Answer Posted / sandeep

Dear,

Closing stock can also be entertained in trail balance, but
u have to post a reverse entry for this with opening stock.

Is This Answer Correct ?

2 Yes

2 No

Please Help Members By Posting Answers For Below Questions

what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?

2103

What is the GDP growth?

2064

Please share different type of Z report

1345

Could u show me the sample TDS Document / Template

2068

What is the defination of job costing, batch costing and contract costing?

4115

HOW TO MAINTAIN BANK A/C

2063

helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.

2228

Distinguish between sale and consignment

1972

what is mean by T and E cosept

2036

fiscal year variant Vs posting period variant

2076

What are direct income and indirect income

2029

While selling fertilisers can we charge VAT on excise duty.

1971

WHAT ARE EQUITY SECURITIES?

2080

what is the script forms standard text in fico

2753

what are the seven accounting rules

2090