Question

closing stock is current assets,?

Answer 1

Answer:

It provides data relating to the value of stock unsold at the end of the accounting period. ... If the closing stock is shown in the trial balance it means the adjustment for the closing stock has already been done and it will be shown as a current asset on the right side of the balance sheet.

Explanation:

PLEASE GIVE 5 STARS

Answer 2

Answer:

If the closing stock is shown in the trial balance it means the adjustment for the closing stock has already been done and it will be shown as a current asset on the right side of the balance sheet.