Can closing stock of current year be present in tht Trial
Balance of said year...????
Answer Posted / murali royal
Closing stock always appears in Adjustments of trial balance.
Closing stock will not appear in trial balance sheet. Bez it
is not a ledger a/c balance.
The adjustment items shall have two hold effect. In the same
manner closing stock has impact on
1. Trading account Cr side
2. Balance sheet Asset side under current asset
Is This Answer Correct ? | 10 Yes | 4 No |
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