Interested to Buy Any Domain ? << Click Here >> for more details...
where the closing stock appear in Trial Balance?
- 17 Answers
- 43592 Views
- Vibgyor High School, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / prateek gupta
closing stock do not appear in trial balance.
| Is This Answer Correct ? | 78 Yes | 26 No |
Answer / sugata bhattacharya
Closing stock will not appear in the Trial balance. If
there is purchase adjusted than it only appear in the Trial
Balance
| Is This Answer Correct ? | 45 Yes | 11 No |
Answer / shoukatali
Closin Stock does not appear in Trail Balance because the
trail balance is a balance of all account a given point in
time. It records only transations which have two way
effect
| Is This Answer Correct ? | 32 Yes | 8 No |
Answer / prashanth 09849535484
Closing stock is a asset at the end of the year.
It is considered in the trading account means it does not
mean that it is income/expense.Instead of deducting from
the purchase it was taken on the credit side.
If the purchase adjusted before the closing the trial
balance,then it can be taken on the debit side of trial
balance.
| Is This Answer Correct ? | 26 Yes | 5 No |
Answer / mohan
Clossing stack will not appear in trial balance, it will
appear only in balancesheet asset side, clossing stock is
our assets.
| Is This Answer Correct ? | 17 Yes | 3 No |
Answer / jp
Closing Stock is appearing in credit side of the Trading
account. It is not appearing in the Trial Balance. Sales,
sales returns (Deducting from Sales), and the closing stock
are the items coming in credit side of the Trading account
| Is This Answer Correct ? | 19 Yes | 10 No |
Answer / vijay yadav
Clossing stack will not appear in trial balance.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / r.ramesh
IF WE SHOW OPENING STOCK IN PROFIT & LOSS A/C, THEN WE HAVE
TO SHOW CLOSING STOCK IN CREDIT SIDE OF P & L A/C.
OTHERWISE WE HAVE TO SHOW IT IN BALANCE SHEET ASSET SIDE
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / murali
it snot come in wrile blance it comes in adjusment we r
taking in credit side of the p/l a/c
| Is This Answer Correct ? | 4 Yes | 1 No |
what is delapidation?
Pls. advice the J.D of a re-imbursement Accountant
what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?
Expand D T A A
Why did you leave previous job?
5 Answers ABN AMRO, Genpact, ICICI, India Infoline,
Depreciation method to using Indian company names
WAT IS THE DIFFERENCE BETWEEN JOINT VENTURE & PARTNERSHIP
Debut increases,Credit decreases in-------------- Credit increases, debit decreases in-------------
what is zero base budgeting
Expand ------FCC
what you mean by landed cost?
Should I have perfect credit score, that is, above 800 credit score?
Audit 
