Avail 50% discount on all subjects for Nov batch(access till Nov 20th). Use coupon code Nov14.

×
Home > Experts > Accounts > Opening stock in trial balance


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Opening stock in trial balance (Accounts)

Report Abuse
This query is : Resolved



( Author )
21 March 2012

Respected Sir

As we know opening stock is shown in T.B. but i want to know that why closing stock is not shown in T.B? and why only is opening stock shown in T.B.?

Thanks


Siddhartha Bhardwaj

( Expert )
28 March 2012

Closing Stock affects both the P&L and the Balance Sheet.

So it has both credit balance and debit balance.

Even if you show closing stock in the Trial Balance, it will cancel out.


Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :









submit










Quick Links





back to the top