Answer / rajan singh

A journal entry made at the end of the accounting period.
The closing entry is used to transfer data in the temporary
accounts to the permanent balance sheet or income statement
accounts.

Answer / sumitra

at the end of accounting period we pass closing entries in journal proper..such as transferring gross profit to p/l account etc

what is inter-company transaction? what is Inter-Branch transaction?

0 Answers  

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if u r work in showroom as a accountant. one day owner's friend is come into his showroom and he want to buy a 1 track-shoot but he confused and he take 3 track- shoot with us and reply he only pur. 1 track-shoot & 2 track-shoot return after 3 days. so now what is entry passe in account.?

1 Answers  

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how to enter in tally propritor has withdrawl cash from the business

1 Answers   Karthik Industries,

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Calculation of closing Stock give example?

25 Answers   ABC, Accounting, Crossdomain, EDS, FAIM, Set Trade,

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can anyone help in service tax part if we give a service on credit basis (Credit invoice) how should we pay service tax on invoice basis or reciept basis

1 Answers  

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WHAT IS CRR, REPORATE, REVERSE REPO RATE

1 Answers   FCI,

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what is the relationship between cost accounting financial accounting and managerial accounting?

0 Answers  

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what is the difference between debtors & bills recievable?

2 Answers  

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if iam paid to insurence jan to jan but, financial year march to march

1 Answers  

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how to make budgeting ?

4 Answers   Accenture,

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Sale of Rs.10000, where in 50% is on credit and there 10% discount on the immediete payment. Pass a journal entry for this

26 Answers   Accenture,

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Can you tell me entry tax will be applicable on Spectacles purchase from u s a  

0 Answers  

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