Trial balance
This query is : Resolved
02 March 2009
my question is why closing stock is not reflecting on trial balance
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
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
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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