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smithika
Sep 6, 2009, 04:00 AM
What is the entry for closing stock in closing journal entry

ROLCAM
Sep 6, 2009, 06:10 AM
Example of closing stock 30/06/2008

Stock at June 2008

Narration code DEBIT CREDIT
Account no.


Opening stock 1/07/2007 18.00 8,000.00

b/sheet opening stock 400.00 8,00.00

Closing stock 30/06/08 19.00 10,000.00

b/s closing stock 400.00 10,000.00


Being $ 8,000 OPENING STOCK AND $10,000 CLOSING STOCK.