Will closing capital go in balance sheet or not?
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Trial balance shows the balance of any ledger as at any date you wish for. For all balance sheet accounts, they represent the closing balance as at the date after adjusting for the entries since the opening date or last closing date as the case maybe.
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Explanation:
or all balance sheet accounts, they represent the closing balance as at the date after adjusting for the entries since the opening date or last closing date as the ...
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