Accounting · Final Accounts
When the closing stock appears inside the trial balance, what is its proper accounting treatment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Show in the Balance Sheet only✓
- 2No adjustment is required anywhere
- 3Debit Profit and Loss Account only
- 4Credit Trading Account only
Correct answer
Show in the Balance Sheet only
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