Question

closing stock does not usually appear in the trial balance {true or false}

Answer 1

Answer:

Explanation:

Closing stock is the leftover balance out of goods which were purchased during an accounting period. Total purchases are already included in the trial balance, Hence closing stock should not be included in the trial balance again.

Answer 2

Answer:

false

Explanation:

Closing stock is the balance of unsold goods that are remaining from the purchases made during an accounting period. The value of total purchases is already included in the Trial Balance . If closing stock is included in the Trial Balance , the effect will be doubled. Hence, it will not reflect in the Trial Balance