Interested to Buy Any Domain ? << Click Here >> for more details...
Why don't show the opening & closing stock in Trial Balance.
- 3 Answers
- 7820 Views
- I also Faced
- E-Mail Answers
Answer Posted / k.r
we show Opening balance in trial balnce but not show
closing balance , because we show purchase and sale than we
find automatically closing stoch with the figure of
Purchase and sale
| Is This Answer Correct ? | 6 Yes | 4 No |
Post New Answer View All Answers
List out some of the examples for liability accounts?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
what role did you play in collections?
What other careers are you considering?
What is mutual fund sub accounting?
What is a trial balance in accounting?
Tell me what is accrual accounting?
What is cotangent Account?
all ques. related to accounts?
are tpt, freight & packing charges part of sales & purchase ??
Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
What are the different branches of accounting?
In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
