Question

Why some times closing stock is not considered in trading account?

Answer 1

$\color{Black}{ \boxed{\bold{ \underline{Hii. Frd .Your .Answer}}}}$

$<b>$
_________________________________
⭐
✔Ans = Closing stock is the leftover balance out of goods which were purchased during an accounting period but are unsold till now. Total purchases are already included in the trial balance, Hence closing stock should not beincluded in the trial balance again. If it is included, the effect will be doubled.

_________________________________
✨✨✨

i hope help u jiii ❤❤❤❤