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-   -   Trial balance (https://www.askmehelpdesk.com/showthread.php?t=331441)

  • Mar 19, 2009, 04:14 PM
    akilah
    Trial balance
    Where do I place my stock on hand in my trial balance.
    Which account to I debit and credit for this transaction.
  • Mar 19, 2009, 11:40 PM
    Imran2008in
    Stock on hand will b on Debit side of trial balance.
    In inventory account it will be debited.
  • Mar 20, 2009, 04:54 PM
    pready

    What kind of stock?

    Common Stock has a normal Credit Balance and is an Owners' Equity Account

    Inventory has a normal Debit Balance and is a Current Asset

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