Question

23. What is the treatment of ending stock in trial balance
(a) Dr
(b) C
(c) Not considered
(d) Subtracted from opening stock​

Answer 1

Answer:

If closing stock appeared in Trial balance it means the purchases has been reduced to the extent of stock amount at the end of the period. The accounting treatment will be closing stock to be shown in Balance sheet under current assets and it should not be credited to Trading a/c.