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webfinity and Beyond level 3 computerised bk

  • 31 posts
  • # 80078

Hie guys, lm a bit confused on question 1. Where do we put the opening stock of stationery? is it 1001 or 5200.
thanks

  • Fellow
  • Practice Licence
  • 1 post
  • # 81758

The mock has just been changed today to read "Stock of Stationery at 1st April 2011" to avoid confusion. As the trial balance is "before adjustments" you should initially enter it in 1001 and only move it to the 5000s area when making the adjustments for stock.

I hope that makes sense and helps!

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