is opening stock shown in trial balance?
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Trial balance
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opening stock would appear on the debit side of the trial balance.this opening stock is the previous years closing stock.
and closing stock?
Closing stock is the leftover balance out of goods which were purchased during an accounting period. Total purchases are already included in the trial balance, Hence closing stock should not be included in the trial balance again. If it is included, the effect will be doubled.
dear how will your tb match if closing stock is not shown in the tb.
Agreed with aman kumar
AGREE WITH ABOVE
agree with above... and closing stock show in adjustment.
On accounting year ending the closing stock will be calculated on the basis of physical stock on hand and incorporated as adjustment entry.
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