How To Do Trading Profit And Loss And Appropriation Accounts - Trading and Profit and Loss Account

2. Closing Stock. It is the value of stock lying unsold in the godown or shop on

the last date of accounting period. Normally closing stock is given outside the trial balance in that case it is shown on the credit side of trading account. But if it is given inside the trial balance, it is not to be shown on the credit side of trading account but appears only in the balance sheet as asset. Closing stock should be valued at cost or market price whichever is less. How To Do Trading Profit And Loss And Appropriation Accounts

How To Do Trading Profit And Loss And Appropriation Accounts - Trading and Profit and Loss Account

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