Do opening and closing stock both come in trial balance?

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
What is the account appear in Balance Sheet and does not appear in Trial Balance...
Posted by:
Ghiath AlMaghrabi
01-April-2015

Trial Preparation

Question added by prem mahatara
Date Posted: 2015/09/15

Upvote (0) Views (3) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

Bibin Perumbillil

by Bibin Perumbillil , FOLLOW UP CLERK & ACCOUNTANT , MIDDLE EAST GROUP HOTEL

Opening stock will enter in trial balance but closing stock should not be entered it effect will be doubled

Downvote Reply () Report

Popular Searches

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

Write Your Answer

More Questions Like This

What accounts payable the same amount should be added to achieve balanced in trial balance?
Top Answer: <p>When you are <strong>preparing a trial balance</strong>, you may find that you have ... See More

Answers (14)
TRIAL BALANCE RECONCILATION
Top Answer: <p>B</p> See More

Answers (6)
Which of the following statements is correct in relation to a trial balance?
Top Answer: <p>Option c</p> See More

Answers (6)
The debit side of a company’s trial balance totals $1920 more than the credit side.
Top Answer: <p>B) Discount received $960 has been debited to discount allowed account</p> See More

Answers (6)

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