23 August 2010
clsoing stock amount is included in Purchases A/C. thats whay it is not separaretely shown in TB. at the end by valuning the stock they will determine the Stock then they will determine value. Valuation is not possible on day to day basis.
and opening stock value we know exactly thats why we are showing in TB.
23 August 2010
Yes. exactly, the closing stock is the result of Opening stock and purchase and sale, so it is already included in the TB,hence not required to include in TB