WHAT CAN CLOSING STOCK SHOWING IN TRIAL BALANCE

Answer Posted / barodianbuddy(acca)

Yes, closing stock can be shown in trial balance.

eg IN TRIAL BAL:

INVENTORIES - 31 MARCH 2013

JOURNAL ENTRY

DR INVENTORIES (CLOSING)
CR TRADING/P&L/PURCHASE

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

informance about performance is disclosed by

1802


Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?

565


Is an "account receivable" and "goodwill" real accounts in accounting?

593


How do you prepare mis reports?

663


how to caluclate tds from emloyees and others

1597






I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this. Wipro Limited Dear candidate Your Resume has been selected by ( Wipro Limited). I have attached your Interview Process letter with this email. Kindly see the attached file. Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm, Company Website – www.wipro.com Note - And more details you send a email Company Email Add – career@wiprolimited.in Best Of Luck For More Details Please Click Here Wipro Limited

1560


what is the last date of deposit TDS on liability for the assessment year 2010-11

1588


what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement

1722


Tell me entries to revenues accounts such as service revenues are usually?

3250


How to pass VAT retention entry on computer and Furniture

2430


what is the D.V.T. rate from 1/10/2009

1584


sir i want know how to fill vat return

1627


how can we get a leaverage in intraday market if are not a professional acount holder?

1660


pass journal entries of the following transaction in the books of AG sindh, AGPR,FTO and SBP: 1)DDo sindh house submitted a bill for purchase of furniture to AGPR islamabad for Rs.200000 on 20th March 09; 2)AGPR issued cheque on 2nd april which was cleared by SBP on 5th April; 3)On 26th may, voucher were exchanged in the clearing house; 4)On 28th May, AG sindh issued advise to settlement to SBP karachi; 5)On 5th june,SBP HQ karachi sends a copy of clearnce memo along with bank statement to AG sindh and AGPR for settlement made on 31st May.

2474


Define retail banking?

632