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when is the closing stock shown in the trial balance?
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Answer / laxmi agarwal
closing stock suld be shown in the t.b at the end of
financial year so dat inventories are properly valued
| Is This Answer Correct ? | 1 Yes | 6 No |
Answer / ratnesh shukla
Closing stock play a very vital role in preparation of
financial statement .i.e.trading profit and loss account.
without C.S.we cannot find the exect position of financial
statement i.e.gross profit and gross profit is transfered
to P & L account for Net Profit.
and also without C.S.we cannot find the finalcial ratio
i.e.average stock,and closing stock to turnover ratio and
all that.
| Is This Answer Correct ? | 1 Yes | 6 No |
Answer / sk n rasool
At the end of the FY ie. 31st March and its shown in credit
side under indirect income.
| Is This Answer Correct ? | 3 Yes | 10 No |
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