Trial balance

Page no : 2

UMANG SHAHI (student) (98 Points)
Replied 19 December 2013

Dear sunny, If adjusted purchase is given, then closing stock will come in trial balance

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Hojefa (Ca final) (178 Points)
Replied 19 December 2013

Dear Sunny,

Adjusted purchase means u can say that purchase which is used for sale purpose while balance kept for stock i.e Purchase during year- Closing stock = Adjusted purchase / puchase for sale.

its shows that entry passed would be Closing stock A/c Dr

to purchase A/c .

hence one effect already given in cls stk A/c like above, so it will stud in Trial balance (dr bal) (but not to squared up clos stk ledger for trf into trad a/c) and 2nd effect will be stud in b/s asset side.therefore now in trading a/c only adjusted purchase (i.e purchase A/c only) will trf n in b/s cls stk will remain stud.