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  • Accounting and Finance for Bankers - 3 (JAIIB)
  • The trial balance of M/s Ram & Co. shows closing stoc...
Multiple choice

The trial balance of M/s Ram & Co. shows closing stock of Rs. 30,000. It will be recorded in

  1. Trading Account

  2. Profit and Loss Account

  3. Balance Sheet

  4. Both (1) and (3)

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Correct Answer: Since it is appearing in trial balance, so it will be shown in Balance Sheet.

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