banner_ad

closing balance in B/S

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 October 2008 Why the closing stock balance no shown in TB? If the same is shown in TB what is its effect?
Profile Image

CA Shailesh +91 9393926464

Profile Image

CA Shailesh +91 9393926464 (Expert)
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 )
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
23 October 2008 Pass a journal entry

Closing stock a/c Dr Rs.....
To P&L a/c Rs.....
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
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.
Profile Image

A J Sankar

Profile Image

A J Sankar (Querist)
23 October 2008 Thanks for your reply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details