Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


Why we do show Closing Stock in under Trial Balance & not
in Trial Balance

Answers were Sorted based on User's Feedback



Why we do show Closing Stock in under Trial Balance & not in Trial Balance..

Answer / firoz

Trial balance is the summary of accounts means balance of
accounts but closing sotck is not any relation with any
accounts.

Is This Answer Correct ?    4 Yes 0 No

Why we do show Closing Stock in under Trial Balance & not in Trial Balance..

Answer / sandeep

Dear,

Closing stock can also be entertained in trail balance, but
u have to post a reverse entry for this with opening stock.

Is This Answer Correct ?    2 Yes 2 No

Why we do show Closing Stock in under Trial Balance & not in Trial Balance..

Answer / lakshmikanth

the main reason is closing stock does not affects any accounts in the books, but this will be taken into balance sheet preparation. we consider closing stock under the head of current assets.

Is This Answer Correct ?    0 Yes 0 No

Why we do show Closing Stock in under Trial Balance & not in Trial Balance..

Answer / sajjad1

All the accounts of the company show in the trial balance
butt closing stock is not appear in the trial balance
beacause we calculate the closing stock physically and its
become our revnue at the end of the financial year while
closing of accout.
so time its happen closing stock appear in the trial
balanca its mean this is our stock in trade on this case
this only effect on the Balance Sheet under Current Asset
not in the Income Statement.

Is This Answer Correct ?    0 Yes 1 No

Post New Answer

More Accounting AllOther Interview Questions

what is Capital WIP?

4 Answers  


what is the diff between reversal and cancellation entries?

3 Answers   ABN AMRO,


I am going to attend an interview for the post of Sr. Accounts Officer in airport authority of india,pls help me to prepare for the interview

2 Answers   L&T,


what is vat and sales tex?

1 Answers  


The total sales is more than the production then what is this situation called

1 Answers   Telco,


what is marginal cost?

5 Answers   IBM,


Which document should be attached with purchse & sales invoice?

0 Answers  


what is accounting standard ?

2 Answers   GE Healthcare, Virchow Biotech,


Who is the maker of the promissory note

0 Answers  


Should I have perfect credit score, that is, above 800 credit score?

0 Answers  


What is Provate Placement?

6 Answers   Capital IQ,


Give Example for Intangible assets that is depreciable?

5 Answers   Genpact,


Categories