11 February 2009
Since closing stock affects or entered in both p and l and b/s therefore it is not entered in trial balance. Apart from c.s those items which are require to be entered twice in financial statement is not entered in TB
12 February 2009
The amount which appear in the trial balance are the closing balances of the a/c's. Since there is no recording entry of closing stock passed in the a/c's it doesn't appear. it can also appear if we pass an journal entry before closure of books.
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