28 July 2016 reverse the entry.......with the difference .....
trading account is prepared at the time of finalisation......here we are not finalising the accounts right now......so?
in place of trading account, use capital account.....ok?

Shekhar Agarwal

Shekhar Agarwal (Querist)
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28 July 2016 Now stock will appear in current year trading account at corrected figure i.e. 250000/-?

Amol S Joglekar

Amol S Joglekar (Expert)
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28 July 2016 you need to pass the entry with an amount of difference i.e. 500,000..(Your opening stock is 750,000....which should be 250,000....right?.....so I said reverse the entry......amount being the difference i.e. 500,000)

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