Accounting entry for closing stock

Hujat · Jun 24, 2012

I do not understand wheather closing stock needs an entry r not. if needs wht will be it correct entry. thanks

Triest123 · Jun 24, 2012

Hujat said:
I do not understand wheather closing stock needs an entry r not. if needs wht will be it correct entry. thanks

Dr Stock
Cr Trading A/C - Closing Stock

terone71 · Aug 13, 2012

Easy

Dr Stock
Cr trading a/c
But please take note that you rarely prepare the income statement in the T a/c format

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