i would like to know is closing stock appear in trial
balance & it appears in which side in trading a/c
Answers were Sorted based on User's Feedback
Answer / hisham
Closing stock does not appear in trial balance
it shows in debit side of trading a/c
& also shows in balance sheet under the heading current
asset
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / preethpal
its does not apear either in trading a/c but is written in
debitside of assets in balancesheet
| Is This Answer Correct ? | 2 Yes | 5 No |
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i am new to Tally ERP 9. i have a problem facing the negative stock balances for few items. now i want to know, how do i write-off/adjust in Tally and make them NULL/Zero as at 31/12/2011, so that they don;t appear as 'negative' as the opening bal. from 1/1/2012..i have used the physical stock entry screen for the differences stock items. but for those item whose balances is simply Negative appearing from previous years for may be several reasons, how to deal with those? thanks in advance for any help..
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