Closing stock

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Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2012 On which concept does closing stock showed in credit side of trading account?
Please Explain.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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16 July 2012 Balancing your Purchase account

What ever you are purchasing goods will be shown as debit side out of that what ever you sold it will credited to Sales account. the balance of goods which purchases will be shown as closing stock of credit side

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2012 Thank you very much sir Can ask some more ? in future taking as help.

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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17 July 2012 yes. you can reach me through Private message or my mail id

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2012 Hi Sir,

Thank You and please provide me your Email ID.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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