Stock ledgers mapping

Closing stock will effect after purchases and sales of goods. Opening stock +  Purchases - purchase returns - Sales + sales returns = closing stock. 

Present year closing stock becomes opening stock of next year. 

closing stock is an adjustable entry so no account appears in trial balance. 

stock calculations normally on lower prices or average prices.but not market price. that is why it cannot appear in the trial balance. 

for stock calculations there are 3 methods. follow cost accounting rules.