which account are not considered while preparing the trial balance
Answers
because it is assumed that closing stock is already included in purchases and opening stock.
hope it helps
Closing stock and any account with a zero ledger balance.
Explanation:
Closing stock is the extra equalization out of merchandise or goods which were obtained during an accounting period. All purchases are already in the trial balance , Hence shutting stock need not be remembered for the trial balance once more. In the event that it is incorporated, the impact will be multiplied.
It is the measure of stock that a business still has close by toward the finish of a detailing period. This incorporates crude materials, work-in-process, and completed products stock.
The measure of closing stock can be found out with a physical tally of the stock. It can likewise be dictated by utilizing an interminable stock framework and checking to persistently modify stock records to land at completions.
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