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Answer Posted / neva
The TB is a summary of transactions represented by debits and credits in the ledger. Closing stock of finished goods is not a transaction but a working. However in the next period when this stock is sold there is a transaction ( dr opening stock cr sales) hence opening stock of finished goods is shown in the TB. Also take note closing stock of all other materials other than finished goods is shown in the TB because they are part of a transaction ( either cash or credit transaction - dr stock, cr bank/ accounts payable)
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