Why don't show the opening & closing stock in Trial Balance.
Answer Posted / nisha jaiswal
because opening stock is an asset and all asset are shown
in trial balance
| Is This Answer Correct ? | 0 Yes | 5 No |
Post New Answer View All Answers
what are the limitations of accounting conventions
What is journalizing? What are the columns of a journal?
what is a state cheque? how it differes from stale cheque?
When we paid TDS on commission how will journal entry come
what is the head for stock trnasfer
we given watches to Employees how to treat accountability what is the debit and credit, or any provision to be ?
Why are accounting standards necessary?
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
What's the accounting entry when an Invoice is created in AR?
How the MIS format made up in XL.
how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
discuss seperate determination concept
can we change date in tally.erp s/w in educational mode ?
Mention what does the investment of personal assets by the owner will do?
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...