Closing stock appearing in the trial balance is shown

Asked by admin @ 20/08/2021 in Accountancy viewed by 459 People

Closing Stock appearing in the Trial Balance is shown : a. On the Dr. side af Trading A/C

b. On the Cr. side of Trading A/cC On the Assets side of Balance Sheet d. On the Cr. side of Trading A/c and on the Assets side of Balance Sheet

Answered by admin @ 20/08/2021

Answer:

closing stock appearing on the credit side of trading a/c and assets side of balance sheet option d is correct

Stock reserve in relation to closing stock appears

Asked by admin @ 26/08/2021 in Math viewed by 308 persons

Stock reserve in relation to closing stock appears

What is the purpose of the post closing trial balance

Asked by maham237 @ 07/01/2021 in Business viewed by 292 persons

The purpose of the post-closing trial balance is to Group of answer choices prove the equality of the temporary account balances that are carried forward into the next accounting period. …

The post closing trial balance contains balance sheet accounts only

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A post closing trial balance is a list of permanent accounts and their balances afterclosing entries have been journalized and recorded in the accounting system. These accounts will be carried …

Deferred credits will appear on the balance sheet with the

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Deferred credits will appear on the balance sheet with the

Trial balance is used to check the accuracy of

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Asked by maham237 @ 16/02/2021 in History viewed by 525 persons

John’s bank statement shows a closing balance for a given month as $2,200 and his personal account register shows a closing balance for the same month as $2,050. John investigated …

Abnormal items included in closing stock should be

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Abnormal items included in closing stock should beopening stock can be ascertained by preparing

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In goodwill chapter there are certain questions like stock is undervalued or overvalued ... And in some while subtracting in the year in which overvaluation or undervaluation takes place we …

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Asked by maham237 @ 20/02/2021 in Business viewed by 314 persons

The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $14,250 cash in the company in exchange for common stock. b. The company purchased office supplies for $413 …

What is the difference between balance sheet and trial balance

Asked by admin @ 28/10/2021 in Business viewed by 334 persons

Select all that apply What is the difference between an adjusted trial balance and an unadjusted trial balance? (Check all that apply.) Multiple select question. The adjusted trial balance is …

The financial statements are prepared from the unadjusted trial balance

Asked by admin @ 05/11/2021 in Business viewed by 287 persons

Which of the following statements is incorrect? Group of answer choices Financial statements can be prepared directly from information in the adjusted trial balance. Financial statements should be prepared directly …

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Which are shown on a balance sheet? Check all that apply. assets liabilities age time period date of birth

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Asked by admin @ 03/12/2021 in Business viewed by 346 persons

Classify each of the following financial statement items taken from Ming Corporation’s balance sheet. Classify each of the following financial statement Stockholders’ EquityLong-term InvestmentsCurrent AssetsIntangible AssetsLong-term LiabilitiesCurrent LiabilitiesProperty, Plant, and …