Interested to Buy Any Domain ? << Click Here >> for more details...
Can you tell me the closing stock entry?
- 21 Answers
- 47278 Views
- Alpha, Cyber Matrix, Satyam, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
ya there is no such entry for closing stock generally in
journal but adjustment entry is there for closing stock
CLOSING STOCK A/C....................DR
TO TRADING A/C..........CR
| Is This Answer Correct ? | 125 Yes | 7 No |
Answer / ganesh
closing stock a/c dr *****
to trading a/c cr ******
| Is This Answer Correct ? | 59 Yes | 4 No |
Answer / raghu
BY CLOSING STOCK A/C DEBIT AMOUNT
TO TRADING A/C CREDIT AMOUNT
| Is This Answer Correct ? | 36 Yes | 2 No |
Answer / prarup shrestha
Closing Stock (Assets, Balance Sheet) A/C Dr. -----
Trading or P/L A/C Cr. (Expenses, Trading or P/L A/C -----
The Dr. entry of the closing stock will remain as assets in
inventory and will be carried forward to next year where as
Cr. entry will be deducted [opening stock+purchase-closing
stock (trading)] as like expenses in Trading or P/L A/c and
not will be carried forward to the next year.
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / sk srinivas
Dr Closing Stock a/c
Cr Trading a/c
Yes this is correct, thanks to Mr Pavan reming friends
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / venkataramireddy
Closing Stock A/c Dr. ******
TO Trading A/C *****
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / p.srinivasa reddy
1. Before prepare of Trail balance,the closing stock
journal entry will be
closing stock A/c Dr
To Purchases A/c
2.After prepare of Trail balance,the closing stock journal
entry will be
Closing stock A/c Dr
To Trading A/c
| Is This Answer Correct ? | 6 Yes | 4 No |
I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.
How do the accounting standards facilitate the work of accountants?
If we were to call your current supervisor, in which area of accounting would he or she say is your strongest? Which area would he or she say is your weakest?
Expand ------APDDCF
what is amortization
distinquish between liquidity ratio and asset management ratio
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
what is market capitalisation?
what is the difference between a call option and a put option?
Expand N D P
Ramana,our customer directly deposited into our Bank a/c
what are concepts and conventions of accounting
25 Answers CDLE, Infosys, Netco, TCS,
Audit 
