Closing stock

This query is : Resolved 

02 June 2019 Why not closing stock shown in trial balance ???

02 June 2019 Closing stock is the leftover balance out of goods which were purchased during an accounting period. Total purchases are already included in the trial balance, Hence closing stock should not be included in the trial balance again. If it is included, the effect will be doubled.

06 June 2019 In manual accounts, it comes as adjustment entry
But in stock enabled accounting softwares, it is very much included in trial balance.




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