WHAT CAN CLOSING STOCK SHOWING IN TRIAL BALANCE

Answer Posted / barodianbuddy(acca)

Yes, closing stock can be shown in trial balance.

eg IN TRIAL BAL:

INVENTORIES - 31 MARCH 2013

JOURNAL ENTRY

DR INVENTORIES (CLOSING)
CR TRADING/P&L/PURCHASE

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

SHADOW BALANCE SHEET

12864


What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956

1632


Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.

2853


How to prepare HSD statements in tally

1781


Explain what is gaap?

606






how to deduct tds on income from other sources with examples

1639


What will be the entry when deduct ESI @1.75% from the employees salary?Same as in the time of ESI of employer part @4.75% in tally posting? In PF posting in tally what will be the entry ?

1530


Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?

643


hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me

1823


what is gl a/c? & why is it maintain

1459


Plant and machinery destroyed for 50000

1097


Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A

1816


what is cost unit n what is cost sheet?

1746


i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD

1399


Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.

1760