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Closing inventory of stationery

Accountancy

Should we not disclose the closing inventory of stationery in its ledger

lithish kumar

CA Final

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16-May-20 12:20

790

Answers (6)

I am confused fwhy closing inventory of 240 not recorded in ledger

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lithish kumar

CA Final

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16-May-20 12:23

which chapter?

ruchi lahoti

CA Inter

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16-May-20 12:34

Chapter 2 unit 2: ledgers Page: 2.33 illustration 1

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lithish kumar

CA Final

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16-May-20 12:49

Could anyone clear it

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lithish kumar

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16-May-20 19:13

Thread Starter

lithish kumar

Could anyone clear it

Because it is already add in credit side I.e Credit side: Profit and loss a/c 2320 Balance c/d 240 ------------ 2560 -------------

sai t

CA Foundation

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17-May-20 05:33

sai t

Because it is already add in credit side I.e Credit side: Profit and loss a/c 2320 Balance c/d 240 ------------ 2560 -------------

Thank you Sriharsha

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lithish kumar

CA Final

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17-May-20 07:22