Opening stock in trial balance

This query is : Resolved 

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.

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

Click here to login now

Similar Resolved Queries :

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
Download GST App    |    x