Which of the following is not found in a trial balance?
-
A.
opening stock -
B.
closing stock -
C.
capital -
D.
rent paid
Correct Answer: Option B
Explanation
Closing stock is the leftover balance out of goods which were purchased during an accounting period. Total purchases are already included in the trial balance, Hence closing stock should not be included in the trial balance again. If it is included, the effect will be doubled.