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where do you enter a closing stock

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where do you enter a closing stock ..

Answer / mukesh

it shows in trading a/c and in balance sheet also

Is This Answer Correct ?    23 Yes 2 No

where do you enter a closing stock ..

Answer / komal sahu

Closing Stock in enter in Trading A/c.of Credit Side and
also showing in Balance sheet of Assets Side.

Is This Answer Correct ?    14 Yes 1 No

where do you enter a closing stock ..

Answer / satyaki_raju@yahoo.com

As everybody said it is placed in trading account.I would
like to give some expalnation regarding the answer
1.It is placed in credit side of Trading account.It means
the trader deducting the remaing portion of stocks lying
with him by placing it on credit side.You can understand it
as balancing system.
2.The same quantity with value will be again placed under
assets side of the balance Sheet.The remaing portio of
purchased stocks are lying with him. Traeting it as asset
we will keep them under asset side

Is This Answer Correct ?    8 Yes 1 No

where do you enter a closing stock ..

Answer / sujatha

In trading account credit side & in the balance sheet asset side

Is This Answer Correct ?    5 Yes 0 No

where do you enter a closing stock ..

Answer / umesh tayal

Closing Stock in enter in Trading A/c. or P/L A/c of Credit
Side and
also showing in Balance sheet of Assets Side.

Is This Answer Correct ?    5 Yes 2 No

where do you enter a closing stock ..

Answer / balu

credit side of trading account & assets side of BalanceSheet

Is This Answer Correct ?    4 Yes 1 No

where do you enter a closing stock ..

Answer / jancy

in trading a/c credit side and also showing on balance
sheet in asset side

Is This Answer Correct ?    2 Yes 0 No

where do you enter a closing stock ..

Answer / radha

credit side of trading account and assets side of
balancesheet.

Is This Answer Correct ?    2 Yes 1 No

where do you enter a closing stock ..

Answer / divya s

credit side of the trading A/c and asset side of the
balance sheet

Is This Answer Correct ?    1 Yes 0 No

where do you enter a closing stock ..

Answer / ravi

closing stock a/c dr
to trading a//c

Is This Answer Correct ?    3 Yes 6 No

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