why closing stock shown in the credit side of the balance sheet

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and last years remaining stock is asset of current year

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first of all balance sheet has not have cr side its assets side

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because it's a remaining balance of stock of this year and it carried forward to next year opening stock

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why closing stock shown in the credit side of the balance sheet

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closing stock is an asset so shown in the assets side of bal sheet

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Closing stock is the balance of our raw material at the at of the year which have to carry forward to the next year, so closing stock is asset for the our firm that why we put the entry goes to trading accountcredit side and other effect goes to balance sheet assetside

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this is because it is an asset

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It is debited not credited because it is an asset

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closing stock never lies in balance sheet it is an additional information

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because it is the end of the stock this year next year this stock makes a opening stock

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dre z no cr. side in B/S

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there is no credit or debit side in the bal sheet.

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closing stock 1st write in credit side of trading A/C then in balance sheet on Asset side

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becoz closing stock is just like opening stock for next year

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because it is our asset as it is our stock

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it remains as capital 🤘

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because next year it becomes opening Stock

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Actually  it is current asset  . owned by the enterprise .

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Because closing stock is a current assets and we know that current assets always shows in credit side of balance sheet.and closing stock means remaing stock of last financial year so that it is an assets.

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wait balance sheet has no credit and debit side

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