Accountancy, asked by sarra4295, 1 year ago

what is opening entry? give one example?

Answers

Answered by rajkumarprasad7599

Answer: hey mate here is your answer

Explanation:

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After that, the journal entry is called an opening journal entry. Because all assets have a debit balance, so these are debited in an opening journal entry and all liabilities have a credit balance, hence these are credited in an opening journal entry.

Hope its helpfull for you

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