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closing balance in B/S

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(Querist)
23 October 2008 Why the closing stock balance no shown in TB? If the same is shown in TB what is its effect?
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
23 October 2008 If u wanna show closing stock balance u can surely show it as mentioned below:

On Dr Side - Closing Stock ( Asset )
On Cr Side - Closing Stock ( Income )
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 October 2008 Pass a journal entry

Closing stock a/c Dr Rs.....
To P&L a/c Rs.....
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
23 October 2008 If the accounting is on the basis of stock receipt and issue you will note that the closing stock is there automatically in TB.
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A J Sankar

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A J Sankar (Querist)
23 October 2008 Thanks for your reply.

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