Hi there, we were learning the trading,profit and loss appropriation account in business recently. For practice I tried an exam paper but seem to have a problem. I was doing the ordinary level 2015 trading account (Section B Question 2) and could simply not find the closing stock in the question. Looking at the answer, there it was! If you know how to find this figure, please help me.
Thank you for your time,
Closing stock will always appear outside the trial balance / table / box in the question, it will never appear inside it. Look at previous years also and see.