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Can you tell me the closing stock entry?
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Answer Posted / ramesh
IN THE FINANCIAL YEAR ON 31ST MARCH THE STOCK IN HAND WILL
BE TREATED AS CLOSING STOCK THE THE ENTRY WILL BE
STOCK A/C DR
CLOSING STOCK A/C CR
IN THE NEXT YEAR IT WILL BECOME
CLOSING STOCK AC DR
OPENING STOCK A/C CR
| Is This Answer Correct ? | 14 Yes | 25 No |
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