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Closing Stock

This query is : Resolved 
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(Querist)
10 June 2010 Why we dont show Closing Stock in Trial Balance??
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Rahul Gupta

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Rahul Gupta (Expert)
10 June 2010 Closing stock does not come in the trial balance beacuse the stock in hand is already included in the purchases. If you want to include the closing stock in the TB then you need to deduct the cost from the Purchases.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
10 June 2010 Yes. Agreed Mr.Rahul Gupta, Stock is already Booked as Purchase in the accounts so no need to show in TB
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
11 June 2010 good reply
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ajay taneja

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ajay taneja (Expert)
14 June 2010 Agreed with the above experts
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