In what situation closing stock will appear ONLY in Balance Sheet ? ( and Not both in profit & Loss Account and Balance sheet) ?

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
Why are Profit and Loss Accounts prepared?
Posted by:
Jawad Ali Ali
06-August-2015

Accounting Financial Accounting

Question added by Murali Dharan Venkata Rao , Chief Financial Officer ( Cfo) , UNNATHI
Date Posted: 2015/06/27

Upvote (0) Views (1) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

by Deleted user

Closing Stock appears only in the Balance sheet when the same is already stated in the Trial Balance.

Downvote Reply () Report

Popular Searches

Sales Executive Jobs Accountant Jobs Driver Jobs Engineering Technicians Jobs Engineers Jobs

Write Your Answer

More Questions Like This

Balance of Profit and loss account is shown on the liability side.Can we call it a liability ?
Top Answer: <p style="margin-right:0in;margin-left:0in;"><span>Because profit is earned on the ... See More

Answers (11)
Which is the statement we preparing to find out arithmetical accuracy?? a)Book keeping b)trial balance c)profit and loss account d)Balacesheet
Top Answer: <h3><em><strong>Trial Balance:</strong></em></h3> <p>In a manua ... See More

Answers (1)
What is the account appear in Balance Sheet and does not appear in Trial Balances ?
Top Answer: closing inventory will not apear See More

Answers (14)
From the followings only one of asset side of the balance sheet is in a proper order, rests are disorderly, please identify correct order ::::?
Top Answer: investments, fixed assets,current assets and loan advances See More

Answers (1)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.