Answer Posted / sajjad1
if the closing stock appear in the trial balace then we can
only take it in the balace sheet under curren assets, we
can't take it in the Trading A/C.
Thanks
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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