Closing stock in Trail


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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2010 is Closing shock an item of Trail Balance, if yes then state it is so
regards

23 August 2010 closing Stock is not an item of trial balance because it is effected in P/L. P/L is also show effect in T/B. Profit and loss is result of net effect of C/s and O/s. So closing stock does not show on T/B.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2010 then why opening shock in mention in Trail Banlance since Closing Stock in not mention
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