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Question
If the closing stock is shown in the trial balance, it means___
Options:
A .   Adjustment for the closing stock has already been done and it will be shown as a current asset on the asset side of the balance sheet only.
B .   Adjustment for the closing stock has already been done and it will be shown in trial balance only.
C .   Adjustment for the closing stock is yet to be done.
D .   None of the above
Answer: Option A
:
A
If the closing stock is shown in the trial balance, it means the adjustment for the closing stock has already been done and it will be shown as a current asset on the asset side of balance sheet only.

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