Why closing stock are not shown in trial
balance?

Answer Posted / shyam kumar

Closing Stock is the combined result of the (Opening stock
+ Purchase - sales ) for which we already entered in
Ledger and Trial A/C . showing again is just giving the
doubt effect to account

Is This Answer Correct ?    11 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is fiduciary accounting?

741


If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company

1230


what is the accounting treatment in tally of free goods received with goods purchased.

6734


Mention why some asset accounts have a credit balance?

747


Do you know any other accounting application?

717






Tell me how many types of business transactions are there in accounting?

684


a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?

1039


WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?

1745


India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,

1794


What do we mean by Redemption of shares and debentures?

1979


Are you comfortable with cold-calling?

718


what is bank aceleted?

1745


whats the sales tax slab and company's turnover professional tax slab

3024


what is subscription order

1683


Purchase and sales sahres accounting entry which have stt brokerage and other taxes

3697