Trial balance
This query is : Resolved
vickey joshi
(Querist)
23 August 2013
Sir.
We made trial balance as at 31st march than why we take opening stock into it.
We made trial balance as at 31st march than why we take opening stock into it.
Dintakurthi Tirumala
(Expert)
23 August 2013
It is indirectly Purchases during the year.
We create closing stock separately every year. I.e means stock transfers to the Balancesheet as Asset and every year the same shall be considered as Opening stock i.e means again putting into the Business i.e means previous years purchases using for this year trading i.e means indirectly for the year the opening stock is purchase. So we have to consider it in the Trail balance.
OM SAI SRI SAI JAI JAI SAI
We create closing stock separately every year. I.e means stock transfers to the Balancesheet as Asset and every year the same shall be considered as Opening stock i.e means again putting into the Business i.e means previous years purchases using for this year trading i.e means indirectly for the year the opening stock is purchase. So we have to consider it in the Trail balance.
OM SAI SRI SAI JAI JAI SAI
vickey joshi
(Querist)
24 August 2013
Sir
i need more clearfication please provide the same
i need more clearfication please provide the same
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