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What is the type of principal for CLOSING STOCK. and why we
show closing stock two time that is once in trading account
and another time in assets. if closing stock is Real
account than what about showing in trading account as we
dont show real account type in trading account. thanks
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Answer Posted / anant singh
Found Few :-
Depreciation, Bed Debts, Reserves/Provisions, OutStandings,
Prepaid/Unexpired Exp.s, Unearned/Advance Incomes, Accrued
Income, Accurals, PrePayments, CLOSING-STOCK, Interest.s,
Reserves/Provisions for Discount on Dr./Cr.s(but NOT
Discount), Deferred Revenue Exp.
PLZ...
Correct MY Concept. if i did some BLUNDER.
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