Answer Posted / maynk
Because trial balence is a balence/extract of every
ledger's balence ,each ledger having double effect which
goes to trial balence ,E.G for making payment one effect is
credit cash and dabit to party,every ledger with double
effect goes to only trial balence.
hence-closing stock is already included in
purchases+opening-Sales and each entry of three with double
effect shown in trial balence that is why closing stock is
not shown in trial balence.
| Is This Answer Correct ? | 17 Yes | 1 No |
Post New Answer View All Answers
how can i settle the party ac with cr & dr
Were i have to enter for agreements in tally and in which ledger it will come
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
What are mis reports and do you prepare it?
Do you know how many types of business transactions are there in accounting?
Explain me what do you think is bank reconciliation statement?
If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet
non cash or bank income or expense
informance about performance is disclosed by
Explain in simple terms what is the difference between asset, equity, and liabilities?
what is the relationship between bookkeeping and accounting?
What is definition of a cash float in accounting?
What do you mean by material facts in accounting?
What is trial balance? What does an accurate trial balance suggest?
What is general entries for Deffered Tax?