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closing balance

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 November 2010 why dose Closing stock is Cr. balance , it is always cited in balance sheet Dr. side.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
17 November 2010 It is never found in trial balance. If it is found then it is both on debit as well as credit side. credit side of P & L and Dr side of Balance sheet.

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