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Why the reason closing stock does not appear in trial balance?

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Question ajoutée par anwar basha
Date de publication: 2016/11/23
Mohammed Alyazji
par Mohammed Alyazji , E-COMMERCE PLATFORM DATA ENTRY , RADIANT BUILDING MATERIALS TRADING LLC

Closing stock is the leftover balance out of goods which were purchased during an accounting period but are unsold till now. Total purchases are already included in the trial balance, Hence closing stock should not be included in the trial balance again. If it is included, the effect will be doubled.

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