Question

Closing stock will never appear in the trial balance. Say yes or no with reasons.​

Answer 1

Answer:

मास्टर जी:- बच्चो बताओ दुनिया में कितने देश हैं.......

बच्चे:- मास्टर जी कर दी ना पागलों वाली बात दुनिया में तो एक ही देश है.....और सब महादेश हैं!

Answer 2

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 theTrial Balance , the effect will be doubled. Hence, it will not reflect in the Trial Balance.

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