Answer Posted / murli vohra
Closing stock is not shown in Trial Balance because
It is an Asset and it is already Debited as purchases.
However we can show it in Trial Balance by passing the following Entry
Closing stock A/c-Dr
To Purchase A/c
When we pass this entry in that case there is no need to show it in Trading A/c
| Is This Answer Correct ? | 5 Yes | 1 No |
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