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Why closing stock is not recorded in trial balance? What's the concept behind it?

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Question ajoutée par Rupali Rajput
Date de publication: 2016/08/23
Tintu Dominic
par Tintu Dominic , Accountant cum Administrative assistant , Suzuki Aluva motors

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 be included in the trial balance again. If it is included, the effect will be doubled.

PRAKASHBHAI PANCHAL
par PRAKASHBHAI PANCHAL , PRODUCTION,PLANNING AND QUALITY CONTROL ENGINEER , SAFEX ENGINEERS PVT. LTD.

because stock concept is related with used material. and when ever we going to project we always required new material. that's all.

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