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Answer Posted / satyaki_raju@yahoo.com
As everybody said it is placed in trading account.I would
like to give some expalnation regarding the answer
1.It is placed in credit side of Trading account.It means
the trader deducting the remaing portion of stocks lying
with him by placing it on credit side.You can understand it
as balancing system.
2.The same quantity with value will be again placed under
assets side of the balance Sheet.The remaing portio of
purchased stocks are lying with him. Traeting it as asset
we will keep them under asset side
| Is This Answer Correct ? | 8 Yes | 1 No |
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