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danerjnbaptiste
Nov 11, 2009, 08:08 PM
How do u journalize an entry for closing stock. Eg closing stock being 400 an year end dec.31.2010
ROLCAM
Nov 12, 2009, 08:47 PM
YES, you do.

DEBIT Closing Stock (b/s) $400
CREDIT Closing Stock (p&l) $400