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What is the type of principal for CLOSING STOCK. and why we
show closing stock two time that is once in trading account
and another time in assets. if closing stock is Real
account than what about showing in trading account as we
dont show real account type in trading account. thanks
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Answer Posted / mohammed irfan khan
Thanks for your answers. but i want to know that closing
stock is nominal account when we consider in trading
account? and became real account in balance sheet asset
side? thanks in advance.
| Is This Answer Correct ? | 4 Yes | 1 No |
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