When closing stock is written in Trail balance ?
Explain
Moksh,
Closing Stock generally never appears in the Trial Balance. However, in case Cost of Goods Sold or Adjusted Purchases information has been supplied to us, then closing stock would be shown in the Trial Balance as same has been previously deducted while calculating Cost of Goods Sold or Adjusted Purchases which can be easily deduced from the following formula.
For detailed understanding over the topic, please visit the below mentioned link:
https://www.meritnation.com/ask-answer/question/1-when-do-we-record-closing-stock-in-trial-balance-2-what-is/accountancy/9584233
Closing Stock generally never appears in the Trial Balance. However, in case Cost of Goods Sold or Adjusted Purchases information has been supplied to us, then closing stock would be shown in the Trial Balance as same has been previously deducted while calculating Cost of Goods Sold or Adjusted Purchases which can be easily deduced from the following formula.
For detailed understanding over the topic, please visit the below mentioned link:
https://www.meritnation.com/ask-answer/question/1-when-do-we-record-closing-stock-in-trial-balance-2-what-is/accountancy/9584233