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Considering closing stock

This query is : Resolved 
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(Querist)
09 January 2012 Sir,
why should we consider closing stock in both trading a/c & balance sheet?

Please explain.

Tanx in advance.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 January 2012 In trading a/c to set off the purchase debit and balance sheet as asset
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