closing balance in B/S
This query is : Resolved
23 October 2008
Why the closing stock balance no shown in TB? If the same is shown in TB what is its effect?
23 October 2008
If u wanna show closing stock balance u can surely show it as mentioned below:
On Dr Side - Closing Stock ( Asset )
On Cr Side - Closing Stock ( Income )
On Dr Side - Closing Stock ( Asset )
On Cr Side - Closing Stock ( Income )
23 October 2008
Pass a journal entry
Closing stock a/c Dr Rs.....
To P&L a/c Rs.....
Closing stock a/c Dr Rs.....
To P&L a/c Rs.....
23 October 2008
If the accounting is on the basis of stock receipt and issue you will note that the closing stock is there automatically in TB.
23 October 2008
Thanks for your reply.
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