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i would like to know is closing stock appear in trial
balance & it appears in which side in trading a/c
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Answer Posted / srinivas annavarapu
As such no body will maintain a closing stock / stock
account in ledger. Trial balance shows the ending balances
of the ledger only, hence there is no question of taking
closing stock in TB. It appears in adjustments and to be
shown on the credit side of Trading acct and in Balance
sheet under Assets.
| Is This Answer Correct ? | 3 Yes | 2 No |
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