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Why closing stock are not shown in trial
balance?
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Answer Posted / vignesh
closing stock is not a real closing stock its an opening
stock for next year, closing stock will shown only on
winding up of company
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in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
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