How to enter closing stock value in Balance sheet and Trading a/c ?
Create a schedule CLOSING STOCK by Accounts—>Master Data—>Schedules Option. Enter T in T/P/B option. It means this schedule belongs to Trading A/c. Create one or more accounts of CLOSING STOCK by Accounts—>Master Data—>Accounts Option. Enter CLOSING STOCK in schedule name. Go to Accounts—>System—>System Constants option and specify Closing Stock Schedule No. in question No. 15. ? Now run Trading/P&L or Balance Sheet option in Accounts—>Statement menu.
