What is the Journal entry for closing stock?

Closing Stock (Assets, Balance Sheet) A/C Dr. -----

Trading or P/L A/C Cr. (Expenses, Trading or P/L) A/C -----

The Dr. entry of the closing stock will remain as assets in

inventory and will be carried forward to next year where as

Cr. entry will be deducted [opening stock+purchase-closing

stock (trading)] as like expenses in Trading or P/L A/c and

not will be carried forward to the next year.

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Stock only needs to be one account (not both Opening and Closing accounts).

Post it's balance to P&L (Cost Of Sales) as "Opening Stock".

Journalise the new Stock figure as a credit "Closing Stock" to P&L (Cost Of Sales)

and debit the Stock account.

Calculate Cost Of Sales as above.