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  • Sep 6, 2009, 04:00 AM
    smithika
    Financial accounting
    What is the entry for closing stock in closing journal entry
  • Sep 6, 2009, 06:10 AM
    ROLCAM
    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.

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