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When the closing stock will be reflected in trial balance &
at what value
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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 |
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