Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Why don,t show the Closing stock in Trial Balance.

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


Please Help Members By Posting Answers For Below Questions

if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.

2416


What is mis report , how to prepare mis report for general ledger?

1510


What GP resew of balance sheet taking.

2165


Anti Takeover policies

2064


What is accounting chart of accounts?

1122


Tell me what are the activities that includes in cash flow statement?

1372


Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.

1816


HOW CAN WE CONVERT IN CFT TO A ROUND LOG??

1866


what is core accounting?

2295


in tally software payroll vouchers option is there for what purpose it is used ? please tell me friends.

2109


is goods in transit will be liable for entry tax ?

1683


Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.

3267


How the MIS format made up in XL.

1832


Tell me whether the account “cash” will be credited or debited, when a company pays a bill?

1052


how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter

1576