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What is the account appear in Balance Sheet and does not appear in Trial Balances ?

when you prepare closed accounts in the end of period , there is one account appear in balance sheet not appear in trial balances.... what is this account just put a name .?? 

GHYATH ALMOGRABI

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Question ajoutée par Ghiath AlMaghrabi , Finance Manager , Veolia Water
Date de publication: 2015/04/01
teresah njoki
par teresah njoki , RECEPTIONIST , Hilton Hotels World Wide

closing inventory will not apear

Mohammad Iqbal Abubaker
par Mohammad Iqbal Abubaker , Jahaca Pty Ltd - Accounts Administrator , Jahaca Pty Ltd - Accounts Administrator

Net income for the year does not appear in Trial Balances.

Emmanuel anyedina
par Emmanuel anyedina , LIMITED , ATLAS GSA

the answer is profit for the year

Osama Raslan
par Osama Raslan , Head of Financial Accounting & Payables , Alexandria Fertilizers Co

It is the fiscal year-end inventory

SHAHZAD Yaqoob
par SHAHZAD Yaqoob , SENIOR ACCOUNTANT , ABDULLAH H AL SHUWAYER

trial balance is an internal report that will remain in the accounting department. It is a listing of all of the accounts in the general ledger and their balances. However, the debit balances are entered in one column and the credit balances are entered in another column. Each column is then summed to prove that the total of the debit balances is equal to the total of the credit balances.balance sheet is one of the financial statements that will be distributed outside of the accounting department and is often distributed outside of the company. The balance sheet is organized into sections or classifications such as current assets, long-term investments, property, plant and equipment, other assets, current liabilities, long-term liabilities, and stockholders' equity. Only the asset, liability, and stockholders' equity account balances from the general ledger or from the trial balance are then presented in the appropriate section of the balance sheet. Totals are also provided for each section to assist the reader of the balance sheet. The balance sheet is also referred to as the statement of financial position or the statement of financial condition.

BS=Assets+Liabilities

TB=ASSETS+LIAB+PL ITEMS

Shazia Anees
par Shazia Anees , Assistant Manager Finance , Arham Trading Company

closing inventory---------------------------------------------------

C S Raghunandan Chikkaballapur Rao
par C S Raghunandan Chikkaballapur Rao , Freelancer : , Presently Working for : Brindavan Agencies,Kreations and Sreevamsa sales Organisation.

Closing Inventory is the one which will not appear in Trial Balance.

MOHAMMED NIHAD SIDDIBAPA
par MOHAMMED NIHAD SIDDIBAPA , Business Unit Controller – Finance Manager , LONDON STOCK EXCHANGE GROUP

Closing Stock does not appear in Trial balance but appears in Balance Sheet.

Retained Earnings only appears in the Balance Sheet

Rodelio Oandasan
par Rodelio Oandasan , Accountant , Master and Tailor

Retained Earnings is of the accounts in the Balance 

Sheet which is usually not shown in the Trial Balances

Jawed Akhter
par Jawed Akhter , Accountant / Administrator , A Leading Construction Company

in Trial Balance Closing inventory will not appear

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