trail balance

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Querist : Anonymous

Querist : Anonymous (Querist)

23 August 2010 why dose opening stock is mention on trail balance even closing shock is not mention , kinly inform us

sudhakar ca cwa

sudhakar ca cwa (Expert)
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23 August 2010 clsoing stock amount is included in Purchases A/C. thats whay it is not separaretely shown in TB.
at the end by valuning the stock they will determine the Stock then they will determine value.
Valuation is not possible on day to day basis.

and opening stock value we know exactly thats why we are showing in TB.

I am thankful if any one comment on this.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 August 2010 Yes. exactly, the closing stock is the result of Opening stock and purchase and sale, so it is already included in the TB,hence not required to include in TB