Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Is stock/inventory on hand recorded on trial balance?

Accounting
user-image
Question added by Mvula M
Date Posted: 2016/04/11
Upvote (0) Views (1) Followers (3) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
Shazia Anees
by Shazia Anees , Assistant Manager Finance , Arham Trading Company

the closing balance of inventory account appears in the trial balance.

Nagaprasad Shankaregowda
by Nagaprasad Shankaregowda , Senior Cost Accountant , Advanced Electronics Co. Ltd

Yes it will recorded as closing stock

Write Your Answer
More Questions Like This