Trial questn

In my view you are talking about Tally in this regard you should mention closing balance in Opening Balance every month then you show the closing balance.

 

 

Thanx alot harendra for helping..but I was asking about the conditions in which the closing not come in trial balance in accounts question

closing stock does not appears in Trial Balance when the stock valuation is done after preparing the final trial balance and thus it will be shown on credit side of Trading A/c & Balance Sheet's Asset Side. Generally closing stock is valued after end of F.Y. & also it is preferred to show it on trading A/c separately without adjusting it in the Purchases A/c.

If the valuation is done before preparing trial balance, then the following entry is passed and accordingly the adjusted account's balance shown in Trial Balance :

Stock-in trade A/c              Dr.

      To Purchases

I agree with Mr. Stranger, he explains to you in deeply and follow to him.   

Dear,

In simple, if any entry has not been passed related to closing stck till preparence of trial balance

then no clsk stk (dr bal) would be stood in trial baln. but after its valuation at last following 

adjustment to be follow i.e clos stk a/c dr To Trading A/c & closing stk shown in b/s (asset side).

by passing 1st entry closing stks ledger shows dr balnce hence it will be stud in b/s.

Closing stock is not shown in trial balance. As all transactions related to stock i.e. purchases or sales are affected through purchase or sales account. So at the end of period. Closing stock is taken in books with this entry (in tally, it happens automatically. You need not to do it) Closing stock Dr. To Trading A/c