Trending Trial Preparation Discussions

Why closing stock figure doesn't appear in trial balance? ‎

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What are the errors that affect trial balance and what are the errors that do not affect trial balance? (2) How can trial balance be prepared, format?‎

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What are the errors that do not affect trial balance? (2) What are the errors that affect trial balance?‎

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Do opening and closing stock both come in trial balance? ‎

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How to prepare a trial balance?‎

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Discuss the errors that affect the trial balance and errors that do not affect the trial balance.‎

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Why closing stock doesn't appear in trial balance? ‎

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Answer added by  Tahir Mahmood, Freelance Accountant, Mazdoo Accounting
10 years ago

Trial Balance is a report to analyze the account transaction,In double entry system every entry has dual effect,therefore trial balance is the report where all debits and ... See More

 

Answer added by  manaf almas, Auditor, DAR AL NUZUM PUBLIC ACCOUNTANTS
10 years ago

trial balance has two sides debit and credit...debit all expenses and assets and credit all incomes and liabilities,,those items posted from ledger accounts

 

Answer added by  Sowmya Umanath, accounts executive, Muthoot Fincorp ltd
6 years ago

Closing stock is the leftover balance out of goods which were purchased during an accounting period. Total purchases are already included in the trial balance, Hence clos ... See More