When closing stock is given in trial balance, then it will effect:

Profit & Loss account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Balance Sheet

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Trading account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Both balance sheet & Trading account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Balance Sheet

When closing stock is given in trial balance, then it will effect balance sheet.

Suggest Corrections

Similar questions

When is the closing stock shown in the trial balance ?

If 'adjusted purchases' and 'closing stock' are given in the trial balance, will you transfer 'closing stock' to trading account? Give reason.

Join BYJU'S Learning Program