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Whats the Balnace of Closing stock so if we issued the
materil then the Closing stick will be dr and in case we
pirchsed the materil the closing stock will be cr
so tell me that i m correct or not
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Answer Posted / keyur vora
Ms. Vaishali is Correct.
Purchase (Item/Stock) Dr.
Party Cr.
Ultimate closing stock/stock account will be debited when we
are making purchase/adding it. Debit what comes in.
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