Question:

Wheather Closing stock comes in Trial Balance or not?

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Wheather Closing stock comes in Trial Balance or not?

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7 ANSWERS


  1. Closing Stock never gets reflected in Trial Balance at its own.

    However, on valuation of closing stocks one can make its value reflected in Trial Balance by means of a jounal voucher.  


  2. No

  3. Golf Equipment Wholesale at www.hihontrade.com

  4. No.. Closing Stock details will not come in Trial Balance.

  5. yes closing stock comes in trial balance as well in balance sheet

    as it is the worth of goods which are still available with us


  6. Closing stock will be shown on the credit side of the trading account &on the assets side of the balance sheet.It will be shown as adjusting entry in the trial balance &not in the trial balance itself.

  7. Not in the main section of the Trial Balance

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