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Answer Posted / chandra shekhar
To understand this we need to understand first what is
trial balance? A Trial Balance is a statement of ledger
account balances and closing stock is not a ledger
anymore. For example when we purchase something we pass
journal entry “ Purchase A/c Debit” not stock A/c
Debit. We never make a ledger in the name of “closing
stock”. Closing Stock = Opening Stock + Purchases – Sales.
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