Trial Balance
This query is : Resolved
08 October 2009
Can there be closing stock in Trial Balance?
If yes, then how?
Regards,
Jinesh
If yes, then how?
Regards,
Jinesh
Guest
Guest
(Expert)
08 October 2009
no..unless the same is already adjusted.
08 October 2009
Closing Stock is taken physicaly by managment.so it is not a part of Trial Balance.its already in your purchase
You can found by
Opening stock+purchase-consumption= closking stock
You can found by
Opening stock+purchase-consumption= closking stock
Message likes :
1 times
08 October 2009
Closing stock shall appear in Trial Balance, in the case of "Adjusted Trial Balance".
In this case the purchase figure will be reduced by the amount of closing stock.
The adjustment entry will be : -
Closing Stock Dr.
To Purchase
In this case the purchase figure will be reduced by the amount of closing stock.
The adjustment entry will be : -
Closing Stock Dr.
To Purchase
Message likes :
2 times
08 October 2009
Query solved.
Thank you.
Thank you.
08 October 2009
Can anybody please solve a question related to depreciation which I have put?
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