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
What is the dual aspect concept?
what is the minimum & maximum amount paid by company per day
What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.
What is an over accrual?
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
what is the responsiblities for accounts manager?
What do we mean by purchase return in accounting?
What are its characteristic features of financial accounting?
What is accounts receivable?
how to caluclate tds from emloyees and others
How do you build a successful business relationship?
what is the entry for toll gate fee
what are the steps for the payment cycle of the firm or company?
Explain me what is general ledger account?
if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.