Trial Balance

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Jinesh Shah

Jinesh Shah (Querist)

08 October 2009 Can there be closing stock in Trial Balance?
If yes, then how?

Regards,
Jinesh

Guest

Guest (Expert)

08 October 2009 no..unless the same is already adjusted.

Ram Avtar Singh

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

Message likes : 1 times

Shyam Lal Naik

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

Message likes : 2 times

Jinesh Shah

Jinesh Shah (Querist)

08 October 2009 Query solved.
Thank you.

Jinesh Shah

Jinesh Shah (Querist)

08 October 2009 Can anybody please solve a question related to depreciation which I have put?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now