Why does closing stock does not appear in trial balance?
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Answer Posted / tan
After I search the answers on the internet , one of them
states like this :
Trail Balance sheet: It is statement which contains all ledger
account balances.
So here closing stock is not a ledger account. So it won't
appear in trail balance.
closing stock is not taken into account in a trial balance
is because a trial balance is a balance of all ledger
account a given point in time
___________________________________________________
Personally speaking , I agree with the statement "closing
stock is not a ledger account" , but the fact is that the
opening stock needs to be included when preparing the trial
balance , so does it mean that opening stock is a ledger
account ?
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