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Can you tell me the closing stock entry?
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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 |
4) What is Journal Entry of 1) Credit Sales. 2) Credit sales with Discount. 3) Credit sales with VAT. 4) Outstanding Rent paid. 5) Credit Purchase. 6) Out standing wages paid. 7) Bank over draft 8) bank charges 9) Dishonor check
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