Closing stock

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 March 2013 my question is that when every item in P&L a/c is transferd from ledger but when we show closing stock inside the trail balnce than what is the logic behind this as closing stock doesn't have any ledger balnce ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 March 2013 Your value of closing stock already included in the Opening stock & Purchases, both are in trial balance debit side, closing stock is the balance of your Opening stock & purchases, hence it is out of trial balance as adjustment items