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.