The value of total purchases is already included in the Trial Balance . If closing stock is included in the Trial Balance , the effect will be doubled. Hence, ... |
Also, No separate account is opened for closing stock inside the general ledger. Hence, the closing stock is not to be shown in the trial balance. |
If closing stock is included in the Trial Balance, the effect will be doubled. Hence, it will not reflect in the Trial Balance. |
30 янв. 2021 г. · Closing Inventory is mentioned as a separate piece of information outside Trial Balance and the effect is directly taken in P&L Account and Balance Sheet. |
If closing stock appeared in Trial balance it means the purchases has been reduced to the extent of stock amount at the end of the period. |
If closing stock does appears in the trial balance, it means the purchases has been reduced to the extent of stock amount at the end of the period. So, it ... |
Closing stock usually doesn't appear in the trial balance, if it does it will appear only in balance sheet on the assets side and not in the trading account. ... |
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