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WHY NOT SHOWING CLOSING STOCK IN TRAIL BALANCE

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

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