why closing stock is not shown in trail balance

Answers were Sorted based on User's Feedback



why closing stock is not shown in trail balance..

Answer / yathursy

closing balance of the current year will be the opening
balance of the upcoming or the next year thus closing
balance will not reflect on the trial balance

Is This Answer Correct ?    25 Yes 1 No

why closing stock is not shown in trail balance..

Answer / sumitra.raghavan

closing stock are not shown in trail balnc becoz its adjusted
wid purchase

Is This Answer Correct ?    5 Yes 2 No

Post New Answer

More Accounting General Interview Questions

What is the Corporate Tax, Minimum Alternate Tax, Professional Tax, Business Tax Describe Me

0 Answers   TATA,


What do you mean by Bill of Exchnage.How to manage ? Explain

0 Answers  


How to calculate Gratuity & when it's applicable to employee after three years or Five years?...

0 Answers  


In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer

0 Answers  


what is difference between job costing and process costing?

2 Answers  






what is ratio analysis

2 Answers   Capital IQ,


What is fair value accounting?

0 Answers  


When we received payment from creditors

0 Answers  


Explain me bills receivable?

0 Answers  


How to take the closing balances of all ledgers into next financial year as opening balances in tally?

2 Answers  


what is provision what is the difference between provision & reserve

4 Answers   IBM, Sand Martin,


what is the responsiblities for accounts manager?

0 Answers  


Categories