When the closing stock will be reflected in trial balance &
at what value
Answers were Sorted based on User's Feedback
Answer / ram krishna trivedy
MY DEAR FRIEND THE ABOVE ANSWER IS CORRECT BUT ONLY OPENING
STOCK WILL COME IN THE TRIAL BALANCE IN THE DEBIT SIDE.
Is This Answer Correct ? | 3 Yes | 1 No |
only opening stock is taken in debit side of the trail
balance and closing stock will be taken always in
adjustments after preparing trail balance
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / auditya
it may appear only when the cost of goods has been calculated and appears on the debit side of the TB, (ie., after adjustment of closing balance).then the closing stock will appear @ the value you adjusted earlier( as a debit item)
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / satish
After financial period closed. it should be valued cost
price or market value which ever is less.
Is This Answer Correct ? | 2 Yes | 3 No |
what is tribal area allowance means
0 Answers Chartered Accountant,
EOQ formula ? and tell me about that???
19 Answers Banking, Capital IQ, IQ,
What is ABC ANALYSIS OF INVENTORIES ?
Tell me what is project implementation?
what is Investment Fluctuation Fund? is it reserve or provison?
which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
what is the difference b/w carpet area,covered area and build- up area and how it is calculated.......
Is an "account receivable" and "goodwill" real accounts in accounting?
The real meaning of Purchase
What is account in accounting?
i have pay to 250000 excise duty so i ask to all how can maintain entry in tally ?