Is closing stock will recorded in Trail balance?
- 9 Answers
- 17507 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sunitha c
Closing stock will not be recorded in Trail balance it will
be shown as adjustment
| Is This Answer Correct ? | 32 Yes | 6 No |
Answer / venkat
Trail Balance adjustements are two ways---
1.if in case it shows on adustments then it is shown on
trading a/c credit side and balance sheet assets side.
2.if incase no information is available in adjestments the
it is directly shown on Balance sheet assets.
Their is no information about closing stock then
opening stock is treted as closing stock.
venkat
9603282777
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / rahul verma
treatment of closing stock.
1. closing stock are shown as foot note in trail balance.
2.if we want to show it in trial balance we have to show
adjusted purchase in trial balance i.e.
o.stock+ purchase-closing stock.
after that we can not show opening stock in trial balance
but we show closing stock in trial balance.
but we not show closing stock in trading a/c.
rahul verma
9414499629
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / rajesh kashyap
Closing Stock will be shown in Proit and Loss a/c and
Assets side of balance sheet and also will be shown in
Trail Banlance when it is an Adujustment Entry
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / mehtab ahmad
yes closing stock is recorded in trial balance because it
will be posted in balance sheet
| Is This Answer Correct ? | 3 Yes | 4 No |
Answer / rajesh kumar
yes closing stock will recorded in trial balance.in Trial balance closing stock shown in credit side and opening stock shown in debt side it means we know about what is my direct exp. and make profit and loss account.so it is nesseary to recoded in trial balance in callander year.
| Is This Answer Correct ? | 2 Yes | 4 No |
If Closing Stock will given in Trial Balance. That means
Nex year is No Business that firm.
[If Closing Stock is given the Adjustement next
year is run the business. These closing stock will charged
to Trading A/c. Credit side and Balance Sheet Asset side.]
| Is This Answer Correct ? | 1 Yes | 4 No |
Answer / kavita kotian
Closing stock will not recorded in trail balance. It is
recorded in P & L a/c
| Is This Answer Correct ? | 6 Yes | 19 No |
Short Answer on _________Revenue Expenditure
STAte clearly the domain and range of random variable
What is the Technology used to carry out trades?
1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?
difference between office expense and miscelleanous expense with some examples
Expand------ARN
Eleven lakh eleven thousand eleven hundred eleven writing in number
Expand---------BPCD
Short Answer on ______Management Accounting
Expand G O I
What is meaning of ficticious asset
What is corporate restructuring?
Audit 
