Opening stock in trial balance

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.?

Thanks


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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