Closing stock appearing in the Trial Balance is shown in:

The Balance Sheet only
Both Trading Account and Balance Sheet
Trading Account only
None of the above

The correct answer is: A. The Balance Sheet only

Closing stock is the value of the goods that a business has left at the end of an accounting period. It is shown in the balance sheet as an asset. The trading account shows the gross profit or loss made by a business during an accounting period. It does not include closing stock.

Here is a brief explanation of each option:

  • Option A: The Balance Sheet only. This is the correct answer. Closing stock is an asset and is therefore shown in the balance sheet.
  • Option B: Both Trading Account and Balance Sheet. This is incorrect. Closing stock is not shown in the trading account.
  • Option C: Trading Account only. This is incorrect. Closing stock is not shown in the trading account.
  • Option D: None of the above. This is incorrect. Closing stock is shown in the balance sheet.