Question

0. The balance of final process stock account is transferred to​

Answer 1

Answer:

the opening balance in the account is transferred to the respective process accounts

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Answer 2

Concept

The credit side of a ledger account in bookkeeping shows the original capital and additions, whereas the debit side shows withdrawals and losses.

Given

The balance of final process stock account

Find

The balance of final process stock account is transferred to​?

Solution

The balance of the Process Stock a/c is carried forward to subsequent accounting periods through the closing entry recorded at the end of the accounting period if one exists. In the balance sheet, it is listed as an asset.