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Why don't show the opening & closing stock in Trial Balance.

Answers were Sorted based on User's Feedback



Why don't show the opening & closing stock in Trial Balance...

Answer / k.r

we show Opening balance in trial balnce but not show
closing balance , because we show purchase and sale than we
find automatically closing stoch with the figure of
Purchase and sale

Is This Answer Correct ?    6 Yes 4 No

Why don't show the opening & closing stock in Trial Balance...

Answer / ameer

Opening stock is shown in the tb. Because it is the stock balances of previous year. Whereas closing stock is not entered in tb. Because the stock is created only when purchase made.Purchases are show already in tb.When we show the closing stock, there is the double effect of purchases. Stock is already included in the purchase on the tb

Is This Answer Correct ?    0 Yes 0 No

Why don't show the opening & closing stock in Trial Balance...

Answer / nisha jaiswal

because opening stock is an asset and all asset are shown
in trial balance

Is This Answer Correct ?    0 Yes 5 No

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