of closing stock in business from Rs. 42,000 (as computed in figure 9.4) to

of closing stock in business from Rs. , (as computed in figure . ) to Rs. , ( refer figure . ). Trading Account of Ankit for the year ended March , Expenses/Losses Revenues/Gains , Closing stock Gross profit c/d , , , , , , Gross profit b/d , Rent of building , Commission received Net Profit (transfered to , capital account) , , Fig. . : The trading account of Ankit It may be noted that closing stock does not normally form part of trial balance,