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Can you tell me the closing stock entry?
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Answer / surendhar
closing stock A/C-----Dr
To,Closing stock trading A/C
me.surendhar@gmail.com
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / muhammad afzal
Closing Stock Dr
Purchases Cr
this is closing and it will just use for Closing Accounts
and next year Entry will Vise versa
so that its depend upon nature of Bussiness ]
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / harish joshi
Closing Stock a/c dr. 1000
To Trading A/c 1000
Next year entry will be :-
Opening Stock A/C Dr. 1000
To Closing Stock 1000
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / hussain ahmad
closing stock DR
to purchase Cr
if the direct expense not include in the value of closing
stcok
| Is This Answer Correct ? | 1 Yes | 7 No |
Answer / shashidhar.n
Acc to me entry like this
Dr Trading A/c XXX
Cr Closing stock XXX
Coz closing stock we entered in trading a/c credit side
that is why closing stock will come credit side.
| Is This Answer Correct ? | 2 Yes | 10 No |
Answer / srinivas sk
Closing stock entry is
Closing Stock ( Asset ) A/c Dr
Closing Stock ( Inventory ) A/c Cr
( Being closing is reflected to p&L and balance sheet a/c )
| Is This Answer Correct ? | 6 Yes | 16 No |
Answer / ramesh
IN THE FINANCIAL YEAR ON 31ST MARCH THE STOCK IN HAND WILL
BE TREATED AS CLOSING STOCK THE THE ENTRY WILL BE
STOCK A/C DR
CLOSING STOCK A/C CR
IN THE NEXT YEAR IT WILL BECOME
CLOSING STOCK AC DR
OPENING STOCK A/C CR
| Is This Answer Correct ? | 14 Yes | 25 No |
Answer / muhammd ramzan
closing stock dr
pls a/c cr
then
pls a/c dr
opening stock cr
| Is This Answer Correct ? | 3 Yes | 14 No |
Answer / karthish
closing stock a/c dr *****
to P & L a/c cr ******
| Is This Answer Correct ? | 6 Yes | 22 No |
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Audit 
