Question

journal entry of stock of good in cash ₹ 5000

Answer 1

Journal Entry for Opening Stock : Trading A/C   Dr. Rs.xxx      To Opening Stock of Goods Rs.xxx (Being opening stock shown in Trading A/C) Journal Entry for Closing Stock : Closing Stock A/C Dr. Rs.xxx      To Trading A/C.  Rs.xxx (Being closing stock transferred to Trading A/C)