Question

Closing stock will never appear in the Trial Balance.

• A. True
• B. False

Answer 1

The correct option is B False

Closing stock (Dr. balance) will be given in the trial balance, if purchase account is already adjusted with the closing stock.Therefore, in such situation, adjusted purchase will be shown on the debit side of the trading A/c and closing stock will be shown on the asset side of the Balance Sheet.