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Trial balance

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(Querist)
02 March 2009 my question is why closing stock is not reflecting on trial balance
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
02 March 2009 Dear Ghosh,
Closing Balance can be shown in Trial Balance if the adjustment of same is done from the Purchases, and in such a case it is shown in Balance Sheet only.

The purpose of showing them outside trial Balance is that efect of Closing balance of stock is not given on purchase of stock during the year
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
02 March 2009 It is very simple, entry for closing stock and many other adjustment entries are passed only after prepartion of trial bala ce
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