Which of these accounts generally does not appears in the Trial Balance ___________.

Capital a/c

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Closing stock

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Drawing A/c

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Accrued expenses a/c

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Solution

The correct option is B Closing stock
Closing stock is the balance of unsold goods that are remaining from the purchases made during an accounting period.
If closing stock is included in the Trial Balance , the effect will be doubled. Hence, it will not reflect in the Trial Balance.

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Similar questions

State whether the following statement are true or false.

1. Final Accounts are prepared on the basis of Trial Balance.
2. Trading Account is a part of Profit & Loss Account.
3. Profit Loss Account is prepared to find out Gross Profit or Gross Loss.
4. Gross Profit or Gross Loss is transferred to Balance Sheet.
5. An amount of net profit is added to the capital.
6. All indirect expenses are debited to trading account.
7. Balance Sheet is a statement and not an account.
8. Capital account is a personal account.
9. Amount of prepaid expenses appears on assets side.
10. Bank Overdraft is a liability of business concern.

Show the treatment of prepaid expenses, depreciation, closing stock at the time of preparation of final accounts-

(a) When given inside the trial balance.

(b) When given outside the trial balance.

Q. Show the treatment of prepaid expenses, depreciation, closing stock at the time of preparation of final accounts
(a) When given inside the trial balance.
(b) When given outside the trial balance.

State true or false:

1) A Trial balance is an account.
2) A Trial balance is helpful for preparation of final accounts.
3) A Trial balance is most important document.
4) A Trial balance may be prepared on any date.
5) In Trial balance opening stock is recorded in credit balance column.
6) Both sides total of an account are taken in Gross Trial Balance.
7) Purchase account always shows debit balance.
8) A Trial balance is a List of Ledger balances.
9) A Trial balance does not ensure accounting accuracy.
10) A Trial balance shows only arithmetical accuracy.

Show the treatment of prepaid expenses, depreciation and closing stock at the time of preparation of final accounts when:

(a) When given inside the Trial Balance?

(b) When given outside the Trial Balance?

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Which of these accounts generally does not appears in the Trial Balance ___________.

The correct option is B Closing stockClosing stock is the balance of unsold goods that are remaining from the purchases made during an accounting period. If closing stock is included in the Trial Balance , the effect will be doubled. Hence, it will not reflect in the Trial Balance.

The correct option is B Closing stock
Closing stock is the balance of unsold goods that are remaining from the purchases made during an accounting period.
If closing stock is included in the Trial Balance , the effect will be doubled. Hence, it will not reflect in the Trial Balance.