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    danerjnbaptiste's Avatar
    danerjnbaptiste Posts: 27, Reputation: 1
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    #1

    Nov 16, 2009, 06:49 PM
    Accounting: journal entries
    Journalise adjusting entries for closing stock 8400... ps opening stock was 9700

    How is that done ?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Nov 16, 2009, 11:21 PM
    Stock at June 2008
    -------------------------

    Opening stock 1/07/2007 p&l 9,700.00
    b/sheet opening stock b/s 9,700.00
    Closing stock 30/06/08 p&l 8,400.00
    b/s closing stock b/s 8,400.00
    danerjnbaptiste's Avatar
    danerjnbaptiste Posts: 27, Reputation: 1
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    #3

    Nov 17, 2009, 08:13 AM
    Quote Originally Posted by rolcam View Post
    stock at june 2008
    -------------------------

    opening stock 1/07/2007 p&l 9,700.00
    b/sheet opening stock b/s 9,700.00
    closing stock 30/06/08 p&l 8,400.00
    b/s closing stock b/s 8,400.00
    But what do u debit and credit for closing stock
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #4

    Nov 17, 2009, 07:01 PM

    DEBIT opening stock 1/07/2007 p&l 9,700.00
    CREDIT b/sheet opening stock b/s 9,700.00
    CREDIT closing stock 30/06/08 p&l 8,400.00
    DEBIT b/s closing stock b/s 8,400.00
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