Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / murli vohra
Closing stock is not shown in Trial Balance because
It is an Asset and it is already Debited as purchases.
However we can show it in Trial Balance by passing the following Entry
Closing stock A/c-Dr
To Purchase A/c
When we pass this entry in that case there is no need to show it in Trading A/c
| Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
how to finalised the Balance sheet & profit & loss A/C
What is a contra entry
Apportionment of expenses
How to create a liability for Service Tax in SAP
What is a comprehensive income?
What are the advantages of double entry system?
What is ERP? Diff b/w Income & Expenditure a/c & P/L a/c? What is the fullform & the application of SAP? What is the reasons where Balance sheet will not tally?
What do you think is a bank reconciliation statement?
if co. (proprietorship). purchase mobile phone for employees than mobile phones under off. equipment .we have rec. purchase bill gst applicable how shows entry
What is the Full Procedure of Purchase ?
x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?
As you know account executives need to be talented salespeople. Do you have experience making sales?
