Why closing stock wont appear in the Trial Balance?
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Answer / shubham jain
in trial balance on DR side raw material consumed has shown
which means opening stock+purchases-closing stock i.e it
becomes part of raw material consumed
alternatively closing stock can be shown by showing opening
stock and purchases on DR side and closing stock on credit
side
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / pisey
Stock that the company sell is gain in equity account,
which has:
- Retained earing
- common/prefer stock
- gain in capital
It has record in the equity account, so when closing in
trial balance no stock closing account...
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / satyanarayana
closing stock is a working progress thats way do not
consideration
| Is This Answer Correct ? | 0 Yes | 4 No |
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