trail balance
This query is : Resolved
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
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.
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.
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
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