Trial balance

Originally posted by : girish
	hi, plz answer my quaries regarding trial balance (1)why we dont take  general reserve etc in trial balance? (2) why only opening stock is taken in trial balance and not closing stock? (3)if bonus shares are issued by the company then what is the ststus of it in trial balance.

G/R always comes.!!!!!!!!

Closing entry is given for stock value at the end of the year..........!!!!!!!!

Bonus issue: depends on your entry for the bonus issue..!!!!!!!!!

Please Read carefully the Basic Principles of Accounting jee...!!!!!!!!!!!

However if any prob. then please post your quiry on CCI ....we are always ready to help you.....!!!!

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If you completed the valuation of closing stock before preparing the trial balance , then you can include that in trial balance also. Then treatment will be changed if not given like a adjustment. Only include in balance sheet but not in trial balance if included in trial balance.

Please correct me friends if am wrong. Thank you.

Thanku for sharing.smile.

Originally posted by : A.Jayasri
	If you completed the valuation of closing stock before preparing the trial balance , then you can include that in trial balance also. Then treatment will be changed if not given like a adjustment. Only include in balance sheet but not in trial balance if included in trial balance.

IF THIS IS SO,

THEN IT MAY INCREASE  COST OF GOODS SOLD.........

AND DECREASES GP KNOW?!!!

IF NOT PLEASE CLARIFY ME!!!..............

IAM SO CONFUSED..........

THEN IT MAY INCREASE  COST OF GOODS SOLD........

it wont increases your COGS, C/S adjustment will decrease COGS.