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    akilah's Avatar
    akilah Posts: 1, Reputation: 1
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    #1

    Mar 19, 2009, 04:14 PM
    Trial balance
    Where do I place my stock on hand in my trial balance.
    Which account to I debit and credit for this transaction.
    Imran2008in's Avatar
    Imran2008in Posts: 5, Reputation: 1
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    #2

    Mar 19, 2009, 11:40 PM
    Stock on hand will b on Debit side of trial balance.
    In inventory account it will be debited.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Mar 20, 2009, 04:54 PM

    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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