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 The Trial Balance of M/S RAM & Co. shows closing Stock of Rs. 30,000. It will be recorded in : 
  • a)
    Trading account 
  • b)
    Profit and Loss account 
  • c)
    Balance sheet 
  • d)
    Both (a) and (c) 
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The Trial Balance of M/S RAM & Co. shows closing Stock of Rs. 30,0...
This will shown in trading account at the credit side because it's like a income...not actual income..we show this to credit side just because to know the cost of actual goods sold... whereas it will also be shown on the assets side of balance sheet becz closing stock is an assets...
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Community Answer
The Trial Balance of M/S RAM & Co. shows closing Stock of Rs. 30,0...
It will be written in balance sheet because the items given in trial balance have single effect only
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The Trial Balance of M/S RAM & Co. shows closing Stock of Rs. 30,000. It will be recorded in :a)Trading accountb)Profit and Loss accountc)Balance sheetd)Both (a) and (c)Correct answer is option 'C'. Can you explain this answer?
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