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The Trial Balance of M/S Ram & Co,Shows chosing stock of
Rs,30000. It will be recorded in: - ..................
(a) Trading A/c; (b) Profit & Loss A/c; (c) Balance Sheet;
(d) Both (a) & (b)
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Answer / k.kamalakannan
if the closing stock, it will be shown in the both Trading
and Balance Sheet Side, if the Opening stock it will be
shown in the Trading account DR side .
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / aakash banthia
THE CLOSING STOCK OF RS. 30000 WILL BE SHOWN IN TRADING A/C
AS WELL AS THE BALANCE SHEET..
IN TRADING A/C DEBIT SIDE AND IN BALANCE SHEET ASSET SIDE...
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / sumit
First of all this Question asked is in a wrong way,
Closing stock never appears in Trial balance.
and Closing stock will be posted under Trading account Credit side and under the balance sheet it will come under Current asset first item as Stock to complete the double effect.
| Is This Answer Correct ? | 0 Yes | 0 No |
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