closing balance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 November 2010
why dose Closing stock is Cr. balance , it is always cited in balance sheet Dr. side.
17 November 2010
It is never found in trial balance. If it is found then it is both on debit as well as credit side. credit side of P & L and Dr side of Balance sheet.
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