Question

describe the opening entry with example​

Answer 1

Answer:

A journal entry by means of which the balances of various assets, liabilities, and capital appearing in the balance sheet of the previous accounting period are brought forward in the books of a current accounting period is known as an opening entry.....

Explanation:

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Answer 2

Answer:

Opening entry means a journal entey by means of which the balances of various assets, liabilities and capital appearing in the balance sheet of the previous accounting period are brought forward in the booksof a current accounting period.

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