Opening stock in trial balance
This query is : Resolved
21 March 2012
Respected Sir
As we know opening stock is shown in T.B. but i want to know that why closing stock is not shown in T.B? and why only is opening stock shown in T.B.?
Thanks
As we know opening stock is shown in T.B. but i want to know that why closing stock is not shown in T.B? and why only is opening stock shown in T.B.?
Thanks
28 March 2012
Closing Stock affects both the P&L and the Balance Sheet.
So it has both credit balance and debit balance.
Even if you show closing stock in the Trial Balance, it will cancel out.
So it has both credit balance and debit balance.
Even if you show closing stock in the Trial Balance, it will cancel out.
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