Journal entry for opening stock
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2012
Hello expert's ,
Anybody let me know what is the Journal entry for opening stock and closing stock ?
Anybody let me know what is the Journal entry for opening stock and closing stock ?
vishwash agarwal
(Expert)
29 May 2012
Journal entry in case of closing stock
( A ) Trading A/c Dr
to Stock A/c
it is final adjustment
this stock transfer in next year , and it makes opening stock
Stock Account
Date Particulars Amount Date Particulars Amount
31.3.2011 To balance C/d 10000 31.3.2011 By trading A/c 10000
( Closing stock)
10000 10000
IN NEXT YEAR
01.04.2011 To trading A/c 10000 01.04.2011 To balance b/d 10000
( A ) Trading A/c Dr
to Stock A/c
it is final adjustment
this stock transfer in next year , and it makes opening stock
Stock Account
Date Particulars Amount Date Particulars Amount
31.3.2011 To balance C/d 10000 31.3.2011 By trading A/c 10000
( Closing stock)
10000 10000
IN NEXT YEAR
01.04.2011 To trading A/c 10000 01.04.2011 To balance b/d 10000
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vishwash agarwal
(Expert)
29 May 2012
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Name : Vishwash Agarwal
Mobile No - 07666515328
Mail ID : agarwal.vishwash@gmail.com
also connect with me
Facebook : www.facebook.com/agarwal.vishwash
Twitter : @Vishwashgarg
Message likes :
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Gajjala Satheesh
(Expert)
29 January 2013
Dear Sir,
Plz tell me what is the entry for closing stock. We have not entered the Opening Stock in Tally, working in a Hotel field for the new hotel for the first time.
Plz tell me what is the entry for closing stock. We have not entered the Opening Stock in Tally, working in a Hotel field for the new hotel for the first time.
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