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Why we show always closing stock in credit?
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Answer Posted / ketaki
Closing stock inclues raw material, WIP & finished goods.
In totality it reflects the amount of unrealised sales
during the year. That's why it shows credit side of Trading
A/c & untill it turns in sale it is asset of company so its
second effect goes to current asset as stok in hand.
| Is This Answer Correct ? | 11 Yes | 4 No |
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