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Is closing stock will recorded in Trail balance?
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Answer Posted / venkat
Trail Balance adjustements are two ways---
1.if in case it shows on adustments then it is shown on
trading a/c credit side and balance sheet assets side.
2.if incase no information is available in adjestments the
it is directly shown on Balance sheet assets.
Their is no information about closing stock then
opening stock is treted as closing stock.
venkat
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