Accountancy, asked by sj26472055, 4 months ago


Q8- When the ledger accounts are closed.

Answers

Answered by nishtha9192
8

Explanation:

Closing a ledger account

Assets/liabilities at the end of a period = assets/liabilities at start of the next period, e.g. the cash at bank at the end of one day will be the cash at bank at the start of the following day.

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