Why we do show Closing Stock in under Trial Balance & not
in Trial Balance
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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.
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