Question

how to calculate opening stock when trial balance is given?​

Answer 1

Explanation:

Opening stock is the balance of inventory at the beginning of the year. It will be debited to the trading account to calculate the cost of goods sold which is = opening stock + purchase + direct expense - closing stock. By calculating COGS profit can be calculated.

Answer 2

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Opening stock can be calculated by the given formula :

Trail Balance = Opening stock + purchase + direct expense - closing stock.