Interested to Buy Any Domain ? << Click Here >> for more details...
why closing stock is not shown in trail balance
- 2 Answers
- 7149 Views
- HDFC, I also Faced
- E-Mail Answers
Answer Posted / yathursy
closing balance of the current year will be the opening
balance of the upcoming or the next year thus closing
balance will not reflect on the trial balance
| Is This Answer Correct ? | 25 Yes | 1 No |
Post New Answer View All Answers
Detail your responsibilities in accounts receivable
Did you use accounting applications at your previous companies or prefer working manually??
What is the purpose of financial statements?
Do you know what are trade bills?
What do you think is a bank reconciliation statement?
Tell me what is an over accrual?
what is faviourable balance,and overdraf balance in Brs? Give me sms on this no. 9885789716
How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries
how can we get a leaverage in intraday market if are not a professional acount holder?
What are mis reports?
What is peach tree accounting?
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
what is opening stock formula?
what is profit and loss(dr) in cash flow statement?
What is double-entry accounting? Explain with an example?
