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Why closing stocks recorded both in profit and loss ac and Balance sheet?
Wiki User
∙ 11y ago
Its entered in b/s bcz its an asset nd in prof. n loss bcoz of matching concept according to which only those expenses and incomes which correspond to year are included in it and so opening stock is the amt of total expense of stock at start and purchase is the expense for new stock purchased but as the amt equal to closing stock is expense which has not occured this year and so it needs to be reversed
Wiki User
∙ 11y ago
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Conditions when closing stock not seen in trial balance.?
I think your question is wrong ..or you must have not solved tough questions in which closing stocks do appear in trial balance
Can stocks be purchased after closing?
No. Stocks cannot be purchased/sold once the exchange closes.
What was the closing price of Yahoo stocks on 10 April 2013?
The closing price for the Yahoo stocks on Wednesday April 10th 2013 according to the Yahoo stocks history chart was 24.20. Since then it has jumped to 24.69 and then back down to 23.47 as of Friday April 19th 2013.
How do shareholders earn returns from investing in stocks?
they make money by the company that that they have stocks in making a profit over the finanical year
Is stocks of other corporations included in the balance sheet investment account?
Yes investment account in balance sheet shows the investment in stocks of other companies only.
What is the name given to the people who buy stocks or real estate with the hopes of selling it for a profit In the future at a profit?
speculators
What is the name given to people who buy stocks or real estate with the hopes of selling it for a profit in the future at a profit?
speculators
What is the name given to people who buy stocks or real estate with the hopes of selling it for a profit in the future at profit?
speculators
What is penny stocks to watch?
Penny stocks to watch is used to help determine what stocks to buy for a quick profit. It show significant growth and investment potential. It can show you the businesses profit and how it has gone up. So it's a pretty good way to buy stock the will succeed.
To buy or sell stocks in expectation of making a profit is to .?
speculate
Why do businesses buy and sell stocks?
To make a profit. Buying stocks at a low price and selling them at a high price is the easiest way of making money.
What is the name given to people who buy stocks or real estate with the hope of selling it for a profit in the future at a profit?
Speculators, Traders, Businessmen, etc.
