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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.
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HI I AM WORKING IN A INTERIOR DESIGNING COMPANY.WE ACTUALLY GET PROJECTS FROM CLIENTS & WE SUBCONTRACT THE WORK WE USUALLY SUBCONTRACTS THE SUPPLY OF LABOUR & SUPPLY OF MATEIALS TO SUBCONTRACTORS.WE DONT HAVE LABOURS OF OUR OWN & ALSO PRODUCTION OF MATERIALS.HOW CAN I TREAT THIS IN TALLY IS THERE ANY OPTION AVAILABLE IN TALLY FOR SUBCONTRACTING OR SHALL I ENTER THE NAME OF SUBCONTRACTORS AS SUNDRY CREDITORS AS WE DO USUALLY IN TALLY.PLEASE DO LET ME KNOW ABOUT THIS 0554125475 IS MY NUMBER
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