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Trial Balance

This query is : Resolved 
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(Querist)
08 October 2009 Can there be closing stock in Trial Balance?
If yes, then how?


Regards,
Jinesh
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Guest

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Guest (Expert)
08 October 2009 no..unless the same is already adjusted.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
08 October 2009 Closing Stock is taken physicaly by managment.so it is not a part of Trial Balance.its already in your purchase

You can found by
Opening stock+purchase-consumption= closking stock
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
08 October 2009 Closing stock shall appear in Trial Balance, in the case of "Adjusted Trial Balance".

In this case the purchase figure will be reduced by the amount of closing stock.

The adjustment entry will be : -

Closing Stock Dr.
To Purchase
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Jinesh Shah

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Jinesh Shah (Querist)
08 October 2009 Query solved.
Thank you.
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Jinesh Shah

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Jinesh Shah (Querist)
08 October 2009 Can anybody please solve a question related to depreciation which I have put?
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