DEar everbody
Please tell me that why closing stock is not come in Trail Balance .
please give me answer with illustration
deepak
CA-PCC
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Query related closing Stock
Replies (2)
Dear Deepak,
Op stock will come in Dr sido of T/b whereas Closing Stock will come in Cr side of T/b.
normally closing stock is valued after the preparation of trial balance so it does not come in trial balace but if the valuation has been made before the preparation of trial balance then it can be shown in trial balance by making the following entry
Closing stock a/c dr.
To purchase a/c
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