where do you enter a closing stock
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Answer / mukesh
it shows in trading a/c and in balance sheet also
| Is This Answer Correct ? | 23 Yes | 2 No |
Answer / komal sahu
Closing Stock in enter in Trading A/c.of Credit Side and
also showing in Balance sheet of Assets Side.
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / satyaki_raju@yahoo.com
As everybody said it is placed in trading account.I would
like to give some expalnation regarding the answer
1.It is placed in credit side of Trading account.It means
the trader deducting the remaing portion of stocks lying
with him by placing it on credit side.You can understand it
as balancing system.
2.The same quantity with value will be again placed under
assets side of the balance Sheet.The remaing portio of
purchased stocks are lying with him. Traeting it as asset
we will keep them under asset side
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / sujatha
In trading account credit side & in the balance sheet asset side
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / umesh tayal
Closing Stock in enter in Trading A/c. or P/L A/c of Credit
Side and
also showing in Balance sheet of Assets Side.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / balu
credit side of trading account & assets side of BalanceSheet
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / jancy
in trading a/c credit side and also showing on balance
sheet in asset side
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / radha
credit side of trading account and assets side of
balancesheet.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / divya s
credit side of the trading A/c and asset side of the
balance sheet
| Is This Answer Correct ? | 1 Yes | 0 No |
Let me know the chronological order to reach final accounts begining with Journalisation
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