Closing stock entry
This query is : Resolved
02 February 2012
in recent,
Closing stock Dr
purchase a/c cr.
is correct entry for closing stock ?
Closing stock Dr
purchase a/c cr.
is correct entry for closing stock ?
02 February 2012
your entry reversing the stock and purchase,
please mention the purpose of entry
There is no need to pass the entry for stock,
but theoritically
Dr: Closing stock
Cr: Trading or Profit & loss a/c
please mention the purpose of entry
There is no need to pass the entry for stock,
but theoritically
Dr: Closing stock
Cr: Trading or Profit & loss a/c
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Households luggage
- Cloud service
- Regarding Change in Signature before applying for membership
- Capital contribution of Land into SPV for Specific project attracts Income Tax & why ?
- Sale of Gold ornaments
- GST on Fresh Juice Center(Sugarcane)
- GST ON FOREIGN CLIENT
- P&L and B/s Format for Public Companies
- SECTION 194T
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
- TDS Return filing if only have 15G /15H deductions and no other payments
- 80G deduction eligibility
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani -
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CA Arpita Tulsyan
CAclubindia
