Why closing stock is always credit in trading account and opening stock is debited in trading account?

Question added by Prabhleen Kaur Bagga
Date Posted: 2018/01/26

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If closing stock appear on the trial balance it must have been ____
Top Answer: c) Deducted from the purc ... See More

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Sales + Closing stock – Purchases – Gross profit = ?
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How does Treasury Stock differ from Trading Stock?
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Exe Ltd sells goods on credit to Wy Ltd for £3000. Which of the following accounting entries correctly records this transaction?
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