Trial balance

This query is : Resolved

aman (Querist)
Follow

01 May 2012 does profit, opening stock & closing stock form the part of trial balance.??
what does closing capital a/c of trader represent.??

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

01 May 2012 Profit & loss account opening balance & Opening stock will be form part of Trail Balance.

3. Closing stock will not in trial balance, since the same value available in Purchase accounts (which already in TB)

Closing capital is the closing balance of capital account. after additions & drawings during the year.

aman

aman (Querist)
Follow

01 May 2012 thanx a ton

Upgrade to CAclubindia Pro. Subscribe Now!