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when is the closing stock shown in the trial balance?
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Answer / rajesh panigrahi
Closing stock is generally shown as an adjusting item
outside the trial balance.In this case trial balance
carries the figures of opening balance of stocks and
purchases made during the year.But when adjusted purchases
are shown in the trial balance(Opening stock +purchases -
closing stock) instead of purchases, figures of closing
stock are also displayed on the credit side of the trial
balance.
| Is This Answer Correct ? | 22 Yes | 6 No |
Answer / kanakaiah
This is showing of year ending . this means at the end of
the financial year a journal for closing stock adjustment
will showing thats all.
| Is This Answer Correct ? | 28 Yes | 16 No |
Answer / dinesh patel (newton)
Closing Stock is placed in Trial balance only in two cases:
(1) when closing stock amt is subtracted from purchases.
(2) gp/gl is given.
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / prarup shrestha
The Closing Stock should be shown at the end of the Fiscal
Year so that to calculate the earning. This means at the end
of the F/Y a journal for closing stock adjustment should be
raised.
| Is This Answer Correct ? | 10 Yes | 10 No |
Answer / asla husni
Generally Closing Stock not comes on T/B. At the end of the
year it shown on out of trail balance .when the company year
ended we can shown it T/B
| Is This Answer Correct ? | 5 Yes | 5 No |
Answer / s.naveen kumar
when the closing stock shown at the opening stock and
purchases and all direct expenses less when the sales value
that time the closing stock shown the trail balance
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / kapil agrawal
CLOSING STOCK SHOWN AT THE END OF THE F/Y MEANS CLOSING
BALANCE OF STOCK AS ON 31ST MARCH OF EVERY F/Y IT,S HELP
FOR FINDING OF OUR GROSS PROFIT AND ALSO INCLUDED IN
CURRENT ASSETS.
| Is This Answer Correct ? | 3 Yes | 5 No |
Answer / anand
closing stock should be shown in the trail balance at the
end of the financial year so as to know value of the stock
remaining in the organisation
| Is This Answer Correct ? | 4 Yes | 8 No |
Answer / mohammed irfan khan
COLOSING STOCK MUST BE SHOWN IN TRIAL BALANCE BECAUSE
WITHOUT CLOSING YOU CANNOT TALL TRIAL BALANCE SO AT THE
TIME OF PREPARING TRIAL BALANCE YOU NEED TO CONSIDER THE
CLOSING STOCK
| Is This Answer Correct ? | 0 Yes | 4 No |
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