Accountancy, asked by jaymehtw, 8 months ago

explain the meaning of opening entry and closing entries with example

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Answered by mdrafiqmullarafiqmul

Answer:

Passing journal entry in the beginning of the current year with the balance of assets ... These transfer entries are termed as closing entries. ... (e) Goods given as charity or free sample.

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Answered by SHEIKHMOHAMMADKAIF

Answer:

CASH TO CAPITAL

PROFIT & LOSS TO CAPITAL

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explain the meaning of opening entry and closing entries with example​

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explain the meaning of opening entry and closing entries with example