Interested to Buy Any Domain ? << Click Here >> for more details...
why should we treat closing stock credit side in trading
account , and why the reason the closing stock should not
appear in the trial balance ?
- 3 Answers
- 18731 Views
- Capital IQ, XL Dynamics, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / gaurav bhatia
For the purpose of calculating the cost of goods sold we
use Opening stock +Purchases+Direct Expenses-Closing Stock
that is the reason we shows Closing stock in the credit
side of Trading account also for calculating the exact
gross profit it should be shown on the credit side because
it is the part of that purchases which is left out ( not
sold)
| Is This Answer Correct ? | 65 Yes | 4 No |
Answer / mougal
the calculate purpose of closeing stock how mach consumed
stock of rawmetrial
| Is This Answer Correct ? | 6 Yes | 7 No |
Answer / yeluri krishnaprasad
it is necessory for calculating ascertain cost of goods sold.it is the remaining goods of the company.so it is
treated as asset
| Is This Answer Correct ? | 0 Yes | 1 No |
what is investment banking?
what is the value period of cheque?
Explain financial accounting. What are its characteristic features?
Our company given party to employees. this expenditure which account head booked ? please tell me
What does a demo/presentation need to be effective?
what is the mean of amountisation
What is BANK MSOD How to Prepare Bank MSOD.
2 Answers Infopower Technologies, QIS,
What are negative postings?What are Credit memos ?Payment Requests ?
How to determine the market value of a company and what factors are relevant to determine if the company is a viable investment in the long term?
What are the items that are to be debited in accounting and what are the items that are to be credited in accounting?
how we do calculate of closing stock for company. what is the process of calculation of closing stock.
What is the Meaning of E.& O.E ?
Audit 
