Interested to Buy Any Domain ? << Click Here >> for more details...
Why we do show Closing Stock in under Trial Balance & not
in Trial Balance
- 4 Answers
- 7524 Views
- I also Faced
- E-Mail Answers
Answer Posted / sajjad1
All the accounts of the company show in the trial balance
butt closing stock is not appear in the trial balance
beacause we calculate the closing stock physically and its
become our revnue at the end of the financial year while
closing of accout.
so time its happen closing stock appear in the trial
balanca its mean this is our stock in trade on this case
this only effect on the Balance Sheet under Current Asset
not in the Income Statement.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
What Question ask in MARKIT Company?
how to make a project accounting in tally erp9 ?
Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com
what is a Depository Participant?
What is the Purpose of Preparing Bank Reconciliation Statement?
is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me
what is cnc machine hour rate? how it is calculated?
what is payment method?How many payment method we can assign to company code.
i am the student of icwai (intermidiate) What is the tds and how use the different state ..
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
what is accounting in automobile
what are the types of provisions that you would make for the end of a financial year?explain
fd redeem interest and principal entry in tally
WHAT IS PROSPECTUS?
What part can management policy play in the analysis of cost behaviour?
