Accountancy, asked by pradeep1999sahpeonye, 1 year ago

what do you mean by opening entry

Answers

Answered by Arslankincsem
0

The words Opening entry is usually confused with the two words opening balance and initial entry.


Anyway, in financial or banking field, an inaugural entry is the very first line in a bank passbook at the beginning of a new account or the beginning of a new year.


Therefore these words are confusing yet understandable.


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