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
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