CA Foundation Exam  >  CA Foundation Questions  >  Why closing stock appears in trading account ... Start Learning for Free
Why closing stock appears in trading account on credit side even though it is not a direct expense?
Most Upvoted Answer
Why closing stock appears in trading account on credit side even thoug...
Thinking logically ; opening stock less the closing stock will give you the sales during the year. and the sales less all the direct expenses should give you the gross profit. so this is how closing stock is on the trading account
Community Answer
Why closing stock appears in trading account on credit side even thoug...
Closing stock appears in the credit side of trading account since it is a direct income of the firm . Also unsold goods are termed as closing stock in order to match quantum of purchases and sales which helps in accurate calculation of profit
Explore Courses for CA Foundation exam
Why closing stock appears in trading account on credit side even though it is not a direct expense?
Question Description
Why closing stock appears in trading account on credit side even though it is not a direct expense? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Why closing stock appears in trading account on credit side even though it is not a direct expense? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why closing stock appears in trading account on credit side even though it is not a direct expense?.
Solutions for Why closing stock appears in trading account on credit side even though it is not a direct expense? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Why closing stock appears in trading account on credit side even though it is not a direct expense? defined & explained in the simplest way possible. Besides giving the explanation of Why closing stock appears in trading account on credit side even though it is not a direct expense?, a detailed solution for Why closing stock appears in trading account on credit side even though it is not a direct expense? has been provided alongside types of Why closing stock appears in trading account on credit side even though it is not a direct expense? theory, EduRev gives you an ample number of questions to practice Why closing stock appears in trading account on credit side even though it is not a direct expense? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev