Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Why don,t show the Closing stock in Trial Balance.

Answer Posted / maynk

Because trial balence is a balence/extract of every
ledger's balence ,each ledger having double effect which
goes to trial balence ,E.G for making payment one effect is
credit cash and dabit to party,every ledger with double
effect goes to only trial balence.
hence-closing stock is already included in
purchases+opening-Sales and each entry of three with double
effect shown in trial balence that is why closing stock is
not shown in trial balence.

Is This Answer Correct ?    17 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain me scrap value in accounting?

1133


What is general entries for Deffered Tax?

2731


List the type of transactions entered in journal proper.

1142


As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?

1070


pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.

2210


what is the Differed Tax Liability & How it is calculate ?

2404


HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.

2053


Do you possess any knowledge about accounting standards?

1082


what is payment written

2042


A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.

2016


If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

1409


Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?

1083


swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000

1829


Explain an example of a tough decision you had to make quickly?

1028


Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?

1895