Why we do show Closing Stock in under Trial Balance & not
in Trial Balance
Answer Posted / lakshmikanth
the main reason is closing stock does not affects any accounts in the books, but this will be taken into balance sheet preparation. we consider closing stock under the head of current assets.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is finance what is bpo why do u want join a BPO types of process in BPO Company's
plz tell me the finance questions asked in hsbc latest question asked in hsbc?
what is balancesheet adjustment a/c. what is the use of this a/c in sap fico
Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?
In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?
Define Payee
Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai
ACCOUNTING CONCEPTS AND CONVENTIONS
what is differred tax liability? explain in detail with some example.
Three steps for correction in BRS?
please specify some books name in preparing a bank exam apttirutude questions
What is Free Cash?
A----------involves transfer of money or moneys worth from one person to another
please tell me questions asked in NICMAR for the post of accounts executive
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?