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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
What else can I help you with?
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
How can I withdraw profit from stocks?
To withdraw profit from stocks, you can sell the stocks you own at a higher price than what you paid for them. This difference between the selling price and the purchase price is your profit. You can then transfer this profit to your bank account or reinvest it in other stocks.
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
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 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 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.
How can one profit from stocks without selling them?
One can profit from stocks without selling them by receiving dividends, which are payments made by companies to their shareholders from their profits. Additionally, stocks can increase in value over time, allowing investors to benefit from capital appreciation without selling their shares.
How do you take profits from stocks?
To take profits from stocks, you can sell the stocks you own at a higher price than what you paid for them. This difference between the selling price and the purchase price is your profit.
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.
