Can closing stock of current year be present in tht Trial
Balance of said year...????
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Answer Posted / murali royal
Closing stock always appears in Adjustments of trial balance.
Closing stock will not appear in trial balance sheet. Bez it
is not a ledger a/c balance.
The adjustment items shall have two hold effect. In the same
manner closing stock has impact on
1. Trading account Cr side
2. Balance sheet Asset side under current asset
| Is This Answer Correct ? | 10 Yes | 4 No |
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