DEar everbody
Please tell me that why closing stock is not come in Trail Balance .
please give me answer with illustration
deepak
CA-PCC
Menu
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
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
