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Question

In which of the following closing stock does not appears?
  1. Trading Account
  2. Trial balance
  3. Balance sheet
  4. All of the above

A
Trial balance
B
All of the above
C
Balance sheet
D
Trading Account
Solution
Verified by Toppr

Closing stock does not appear in the trial balance. It is shown out of the trial balance and at the time of preparing the final accounts, it has to be shown in the credit side of the trading account and also to be shown in the balance sheet as current assets.

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