Accountancy, asked by AashifKhan, 1 year ago

what is the double entry for closing stocks?

Answers

Answered by Anonymous

13

Explanation:

They carry a debit balance. By recording the journal entry for bringing the value of closing stock into books, we create the asset by name Closing Stock .Hope this would be helpful to.

Answered by parvathy14

1

Answer:

They carry a debit balance. By recording the journal entry for bringing the value of closing stock into books, we create the asset by name Closing Stock a/c.

hope it's helpful

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