why closing stock was not appearing in trail balance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2015 I need reason

why closing Stock was not appearing in Trail balance (only Opening Stock)

why closing sock was showed two times in P&L and Balance Sheet

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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10 May 2015 Closing stock value is debit & asset item and this amount already included in form of purchases in debit side of Trial balance. hence it will not appear in the TB. once the adjustment happened in the p&l account it is appearing as normal item in Balance sheet and opening stock of next year trial balance