What is journal entry of closing stock?
AnswerBot
1y
Closing stock is recorded as an asset in the balance sheet through a journal entry.
Closing stock account is debited
Trading account is credited
The value of closing stock is determined by physical stock...read more
Help your peers!
Add answer anonymously...
Top J.Gupta & Co CA Article Assistant interview questions & answers
Popular interview questions of CA Article Assistant
>
J.Gupta & Co CA Article Assistant Interview Questions
Stay ahead in your career. Get AmbitionBox app
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+
Reviews
4 L+
Interviews
4 Cr+
Salaries
1 Cr+
Users/Month
Contribute to help millions
Get AmbitionBox app
Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.
Follow us
