Whats the Balnace of Closing stock so if we issued the
materil then the Closing stick will be dr and in case we
pirchsed the materil the closing stock will be cr
so tell me that i m correct or not
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Answer Posted / sajjad1
Dear Vaishali i m going right beacause the balance of
closing stock is cr
when we made purchase then passind this entry
purchase (Material/item) (Dr)
Closing Stock (Cr)
Issued Material the it is
Closing stock (Dr)
Material/item (Cr)
here Closing Stock will automaticaly adjusted closing stock
is our Revenue so due to this its balabce is cr anything
else my id is bbuterfly143@yahoo.com so we can easily
Discused abput this Thanks Take Care
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