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Answer Posted / mittaldn@allinterview.com
CLOSING STOCK NOT SHOWING IN TRIAL BALANCE BECOUSE
1.OPENING BALANCE SHOWING IN TRAIL BALANCE AS PER ACTUAL
INVENTORY.
2. WE ARE PURCHASE VALUE BOOK IN ACCOUNTS OF BOOKS 100% AT
THE TIME OF BIIL PASSING.
SPOSE WE ARE PURCHASING 100 NOS.OF GEARS @ 20/= BILL VALUE
OF RS.2000/= ( PURCHASE A/C DR TO PARTY )
WE ARE USING FOR PORDUCTION IN THIS 60 NOS OF GEARS UP TO
END OF THE YEAR.
40 NOS OF GEARS COST ALLREADY BOOK IN THE PURCHASE VALUE SO
CLOSING STOCK NOT SHOWING IN THE TRAIL BALANCE
OPENING STOCK+CLOSING STOCK-CONSUPTIONS= CLOSING STOCK (
ACTULE INVENTORY VALUE SHOWING IN THE BALANCE SHEET
| Is This Answer Correct ? | 14 Yes | 3 No |
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