Why closing stock are not shown in trial
balance?
Answer Posted / shyam kumar
Closing Stock is the combined result of the (Opening stock
+ Purchase - sales ) for which we already entered in
Ledger and Trial A/C . showing again is just giving the
doubt effect to account
| Is This Answer Correct ? | 11 Yes | 1 No |
Post New Answer View All Answers
How to group the companies in tally?
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
How to make a entry in tally for Land & Building Purchased for RS.1,65,00,000/-(Total Consideration)Paid Installment wise as 30 lakh,10 lakh,20 lakh & 1,30,87,500
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
Tell me what do you believe makes a successful account executive?
Tell us what inspired you to move to the next opportunity?
If we started new project of Housing with Construction linked payment plan . How can booked our revenue or Sales .
My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?
saji become insolvant -what is journal entry
What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?
What is general ledger account?
What does it mean to do accounting training outside of public practice?
what is addition of Opening Balance and net profit transfered from profit and loss account called
ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher
Tell me what is ledger?