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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 |
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