Accountancy, asked by akshaykumar301, 1 year ago

What if opening stock and adjusted purchases is given in trial balance?

Answers

Answered by rahul198374

Adjusted Purchases and Closing Stock. If the amount of the closing stock is already known and is recorded in the books, it is given in the Trial Balance itself. If it is so, it means that both the opening as well as closing stocks have been adjusted in the purchases.

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