Answer Posted / shashank bhaskat
Because items of trail balance is recorded at once, and
adjustments are recorded twice and closing stock is an
adjustments therefore closing stock is not shown in trail
balance......
| Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
What is the difference of cost accounting and financial accounting?
What is accounts receivable?
PLEASE CLEARLY EXPLAIN WHAT IS MEANT BY TDS,CST,ADVANCE TAX,PF,PT,ESI.CLEARLY AS IF EXPLAINING TO LAY MAN
if any otion in tallyerp9 version about doing Luxury tax work
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
What is the Corporate Tax, Minimum Alternate Tax, Professional Tax, Business Tax Describe Me
What are the 5 basic accounting principles?
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
Aptitude Test Questions
Tell me what are the three factors that can affect your cash flow and business profitability?
What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?
Mention your extra-curricular interests. Which do you actively pursue? How do you see these developing in the future?
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
What Is Responsibility Accounting?
How Can We Justify the,Real A/C & Nominal A/C?