Accountancy, asked by roysimpi5, 2 months ago

closing entries to journal proper in adjustments entry

Answers

Answered by sumedhbansode25

Explanation:

A record is not included in the ledger without a journal entry, so closing entries are recorded with the help of a journal proper and then recorded in the ledger. At the end of a period Salary account is closed by transferring its balance to profit and loss account

Previous Question

Next Question

Similar questions

Physics, 1 month ago

0 10 A 1.0 kW kettle contains 500 g of boiling water Calculate the time needed to evaporate all the water in the kettle. (Specific latent heat of vaporization of water = 2.26 MJkg-'). (3] Ans: 1.13x100 sec, negative b. Obtain a strength in Fig. 6 Edo lain why the...

Geography, 1 month ago

the Western Coastal strip south of Goa is referred to has...

Economy, 1 month ago

What is the role of money in any transaction?

English, 2 months ago

Do you like drawing? Wha Kind of picture do you like to draw ?

Math, 2 months ago