Question

Stock at commencement
In trail balance

Answer 1

Explanation:

11 January 2011 If closing stock appeared in Trial balance it means the purchases has been reduced to the extent of stock amount at the end of the period. The accounting treatment will be closing stock to be shown in Balance sheet under current assets and it should not be credited to Trading, Profit & Loss a/c.

Answer 2

Answer:

Stock at commencement In trial balance

Explanation:

To check whether the balance that comes in Ledger is correct or not, the account which is created is called Trial Balance, where Trial means checking and Balance means balance. any certainty The trial balance is prepared on or at the end of the financial year.

The trial balance is prepared to check the balance of the Ledger. The main purpose of creating is whether the entries in the bookkeeping system of a company (Entries) are mathematically correct or not. Trial balance is prepared by the companies from time to time. A trial balance is actually created to check that the sum of the debit side is equal to the credit side. Is the sum equal to the sum or not.

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