The Accountant of Shiv wrongly prepared the following Trial Balance. You are required to draw the correct Trial Balance stating reasons for the change made:

The Accountant of Shiv wrongly prepared the following Trial Balance. Y

1.	The Accountant of Shiv wrongly prepared the following Trial Balance. You are required to draw the correct Trial Balance stating reasons for the change made:
Answer» Solution : Note: Closing Stock will not appear in the Trial Balance because it is not ADJUSTED with purchases. At the end of the YEAR, if the following ENTRY is passed, then Closing Stock will appear in theTrial Balance. Closing Stock A/c`".....DR."` `"To Purchases A/c"`

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The Accountant of Shiv wrongly prepared the following Trial Balance. You are required to draw the correct Trial Balance stating reasons for the change made:

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