when is the closing stock shown in the trial balance?

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when is the closing stock shown in the trial balance?..

Answer / manjunathreddy

purchase a/c dr.
to closing stock a/c

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0 Yes

4 No

when is the closing stock shown in the trial balance?..

Answer / laxmi agarwal

closing stock suld be shown in the t.b at the end of
financial year so dat inventories are properly valued

Is This Answer Correct ?

1 Yes

6 No

when is the closing stock shown in the trial balance?..

Answer / ratnesh shukla

Closing stock play a very vital role in preparation of
financial statement .i.e.trading profit and loss account.
without C.S.we cannot find the exect position of financial
statement i.e.gross profit and gross profit is transfered
to P & L account for Net Profit.

and also without C.S.we cannot find the finalcial ratio
i.e.average stock,and closing stock to turnover ratio and
all that.

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1 Yes

6 No

when is the closing stock shown in the trial balance?..

Answer / sk n rasool

At the end of the FY ie. 31st March and its shown in credit
side under indirect income.

Is This Answer Correct ?

3 Yes

10 No

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