Question

What is logarithm ?
What are the closing entries of trading account?​

Answer 1

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Explanation:

1. In mathematics, the logarithm is the inverse function to exponentiation. That means the logarithm of a given number x is the exponent to which another fixed number, the base b, must be raised, to produce that number x.
2. Closing entries are the journal entries necessary to close the various ledger accounts by transferring them to final accounts. Transferring them to the trading a/c closes the balances in the opening and closing stocks, purchases and sales and direct expenses.

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Answer 2

Answer:

•the logarithm is the inverse function to exponentiation. That means the logarithm of a given number x is the exponent to which another fixed number, the base b, must be raised, to produce that number x

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•Closing entries are the journal entries necessary to close the various ledger accounts by transferring them to final accounts. Transferring them to the trading a/c closes the balances in the opening and closing stocks, purchases and sales and direct expenses.

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