Trial balance
This query is : Resolved
01 May 2012
does profit, opening stock & closing stock form the part of trial balance.??
what does closing capital a/c of trader represent.??
what does closing capital a/c of trader represent.??
CMA Ramesh Krishnan
(Expert)
01 May 2012
Profit & loss account opening balance & Opening stock will be form part of Trail Balance.
3. Closing stock will not in trial balance, since the same value available in Purchase accounts (which already in TB)
Closing capital is the closing balance of capital account. after additions & drawings during the year.
3. Closing stock will not in trial balance, since the same value available in Purchase accounts (which already in TB)
Closing capital is the closing balance of capital account. after additions & drawings during the year.
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