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Closing stock in Trail

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2010 is Closing shock an item of Trail Balance, if yes then state it is so
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23 August 2010 closing Stock is not an item of trial balance because it is effected in P/L. P/L is also show effect in T/B. Profit and loss is result of net effect of C/s and O/s. So closing stock does not show on T/B.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2010 then why opening shock in mention in Trail Banlance since Closing Stock in not mention
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