where the closing stock appear in Trial Balance?

Answer Posted / r.ramesh

IF WE SHOW OPENING STOCK IN PROFIT & LOSS A/C, THEN WE HAVE
TO SHOW CLOSING STOCK IN CREDIT SIDE OF P & L A/C.
OTHERWISE WE HAVE TO SHOW IT IN BALANCE SHEET ASSET SIDE

Is This Answer Correct ?    6 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

joint venture?

1776


What is written off?

1660


WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?

1649


what is pre post expenses

3953


what types of essays are giving in bank of america. can any one tell the opics? LAVANYA

1601






Expand DEHM

1485


why funds management doc is generated during migo and miro

1061


what is Rectification of Errors ?

1772


Anyone whose sbi interview has been over , please share all the question asked by them

1516


An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?

1534


pls send me capital iq quition paper pls, ihave 2mr interview thanks

1818


How Are The Balance Sheet And Income Statement Connected?

720


Short Answer on _____________Revenue Budget

1563


hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com

1906


what is operational risk and market risk in basel 2 norms.

1603