why does closing stock does not appear in trial balance?

Answer 1

Balance sheet is a 'stock statement' while income statement is a 'flow statement'. Stock statement means it can be created at any particular time period so that it has a header 'as of so and so date' and income statement has the header 'as of the end of the year so and so'.
Now a daily balance sheet if taken will use the previous days closing stock which is that days opening stock and the trial balance is taken in the morning for a 10 to 5 job. So the trial balance for a daily balance sheet reflects the previous days state of the company and not the day on which it is created.

Answer 2

Closing Stock In Trial Balance

Answer 3

the closing stock does not appear in a trial balance because a business is never meant to be over after the day is over. It is supposed to continue for the next day. so a trial balance never reflects a closing balance but an opening balance.

Answer 4

Trial balance is compiling of all transactions and arriving at the ledger balances of each ledger. The Opening stock ( Value) is reflected in the trail balances, and all the transactions, after the date of opening stock, that affect the value of stock is reflected in the purchases or sales. Hence the closing stock is not seperately reflected in the accounts which consists only values.

However inventory of balance stocks is taken and the value is arrived on the day of finalising the account