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In what situation closing stock will appear ONLY in Balance Sheet ? ( and Not both in profit & Loss Account and Balance sheet) ?

Accounting Financial Accounting
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Question added by Murali Dharan Venkata Rao , Chief Financial Officer ( Cfo) , UNNATHI
Date Posted: 2015/06/27
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by Deleted user

Closing Stock appears only in the Balance sheet when the same is already stated in the Trial Balance.

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