Accountancy, asked by sangitaagarwala3, 6 months ago

packaging materials
amt-7900
adjustment- closing stock of packaging materials4900

Answers

Answered by Anonymous

Answer:

Closing Stock is shown on the Asset Side of Balance Sheet. But, sometimes in the Trial Balance, Adjusted Purchase is given and this means Opening Stock and Closing Stock are adjusted through purchases. Then both Adjusted Purchases A/c and Closing Stock Account appear in the Trial Balance.

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