Answer / ram krishna trivedy

Hi Friend,
Closing stock will never appear in trial balance only
opening stock will come in trial balance in the debit side.

Answer / subhash a.

Hi friend, please ask question properly. What is your
problem here? Whether it is Why, How or When to show the
closing stock in trial balance?

An entry is required to show the closing stock in TB:
How:
Closing Stock A/c Dr. xxx
To Purchases A/c xxx

Why:
To arrive at the actual cost of goods sold.

When:
when we adopt accrual system of accounting in book.

Here we are to share our problems and progress in our
careers. Hence, i request everybody to ask questions
properly and give answers properly. Best of Luck all the
friends in their careers.

Answer / sajjad1

In case closing stock appear in the TB then its only tale
in to the Balace Sheet Because the appearance of Closing
stock in the TB shows the Stock in trade not a stock in hand

Answer / sajjad1

if the closing stock appear in the trial balace then we can
only take it in the balace sheet under curren assets, we
can't take it in the Trading A/C.

Thanks

we deposited securoty to a party and now due to us interest amount then party deduct TDS on interest but we not recive cash or in bank he credited our account in his books so what will be the journal entries in our's books.

2 Answers  

---

Define retail banking?

0 Answers  

---

Pl send your mail addresses to avail a Free Book on interviews. It is specially designed containing 30 pages for Freshers in Accounting Job Seekers

7 Answers  

---

Please explain the difference between provision and reserve?

0 Answers  

---

We have an boat manufacturing company .we customer order one boat the cost is 1130 .we have received advance 500 balance he will give after giving boat can you give me journal entry cash A/c Dr 500 customer A/c Dr 630 To Sales 1130 is this entry is correct ?if not please give me exact entry

3 Answers  

---

How do you calculate closing stock? Which important steps do you take while valuation of closing stock.

4 Answers   Jordan, TATA,

---

Month end closing entries with example

1 Answers   Openhand, SJ Group,

---

What is difference between debit note and Proforma Invoice

3 Answers   ICA,

---

bonus provision entry

1 Answers   Al-Barrak,

---

If any co. purchase goods from abc co. payment will made in advance. Can abc co. is creditor or not. Pls. answer.

1 Answers  

---

How many questions u have done in ur written exam held in november for SBI clerical??? who are cleared for the interview..plz tell me...???

1 Answers  

---

How to Finalized Accounts? Please Guide.

2 Answers  

---