Closing stock will never appear in the Trial Balance. TrueFalse (2024)

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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.

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Closing stock will never appear in the Trial Balance. TrueFalse (2024)

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