AAT is running study support events in Manchester
FRA: Stock: Opening and Closing and the Trial Balance
What figure is normally entered into a trial balance, the "opening stock" value or the "closing stock" value?
To me, the logical thing would be to enter the "closing stock" value into the trial balance when preparing year end final accounts, because the "closing stock" figure would reflect the value of stock for the year end.
However, according to a book I'm reading the "opening stock" figure is entered into the trial balance and the "closing stock" figure is entered as small print outside of the trial balance at the bottom of the trial balance page. Does anyone know why this is?