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Opening stock in trial balance (Accounts)

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This query is : Resolved

( Querist )
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.?


CA 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.



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