Why does closing stock does not appear in trial balance?
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Answer / tan
After I search the answers on the internet , one of them
states like this :
Trail Balance sheet: It is statement which contains all ledger
account balances.
So here closing stock is not a ledger account. So it won't
appear in trail balance.
closing stock is not taken into account in a trial balance
is because a trial balance is a balance of all ledger
account a given point in time
___________________________________________________
Personally speaking , I agree with the statement "closing
stock is not a ledger account" , but the fact is that the
opening stock needs to be included when preparing the trial
balance , so does it mean that opening stock is a ledger
account ?
| Is This Answer Correct ? | 8 Yes | 0 No |
Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.
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Why we show always closing stock in credit?
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