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Trading account

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(Querist)
19 August 2014 why we are crediting closing stock in trading account?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 August 2014 how else will you carry forward an asset? it is credited to separate it out from the costs incurred as it doesn't pertain to the current financial period
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Rupesh Jain

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Rupesh Jain (Expert)
20 August 2014 amount of stock which you have on preparation the trading a/c, which not sold.
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