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Trial balance

This query is : Resolved 
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(Querist)
01 April 2015 out of the opening inventory and closing inventory which is to be transferred to the trial balance ?
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Ki$hor B

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Ki$hor B (Expert)
01 April 2015 Closing Inventory does not appear in the TB.
Reason being,
Opening Inventory + Purchases - Closing Inventory = COGS which is shown in TB.

Closing inventory is shown on the credit side of the Trading and P&L A/c
and
on the asset side of the Balance Sheet.

Coming to Opening Inventory, it is included in COGS which already appears in TB.

Hope you've understood.
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