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what is account opening and account closing??

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what is account opening and account closing??..

Answer / ravi harjai

THE ACCOUNT WHICH ARE BALANCES EVERY FINANCIAL YEAR
AT THE BEGNING OF THE FINANCIAL YEAR ACCOUNT CALLED
OPENING ACCOUNT AND AT THE LAST DAY OF FINANCIL YEAR
WHEN THE ACCOUNT ARE CLOSED IS CALL CLOSING ACCOUNT>>>>>

Is This Answer Correct ?    29 Yes 1 No

what is account opening and account closing??..

Answer / sunil kumar

IF YOUR COMPANY IS NOT NEW AND IT IS RUNNIG FROM LAST YEAR.
END OF FINANCIAL YEAR BALANCE OF THE LEDGER IS CALLED
CLOSING BALACE AND NEXT FINANCIAL IT WILL CALLED OPENING
BALANCE.

Is This Answer Correct ?    9 Yes 2 No

what is account opening and account closing??..

Answer / sir anjam khan

account opening mean the new financial year opening. and
account closing means at last of financial year the closing
of all accounts

Is This Answer Correct ?    2 Yes 0 No

what is account opening and account closing??..

Answer / vijay gombi

account opening mean the begining of financial year or
carry farward of last year closing balance or open a new
account on particular day. and

account closing means at last of financial year the closing
of all accounts or closing of particular transaction.

Is This Answer Correct ?    2 Yes 0 No

what is account opening and account closing??..

Answer / parmod

account open is when we check the clients details how much
payment withdrawl and diposit payment submit finaly update
statuse.

Is This Answer Correct ?    1 Yes 0 No

what is account opening and account closing??..

Answer / udaya bhaskar

Recording a Transaction of its own king/new person/new
party for the first time in your books is called account
opening and settling of the such transaction by way of
transfer/payment is called account closing. Account closed
would not appear in the balance sheet.

Is This Answer Correct ?    1 Yes 1 No

what is account opening and account closing??..

Answer / v ondiveeran

As per Accounting procedure Account opening Means previous
year closing balance current year Opening balance.

Other wise New person intended the company that time
opening the New Account. All transaction entred in full
year after closing the transaction that is closing of
accounting.

Is This Answer Correct ?    0 Yes 0 No

what is account opening and account closing??..

Answer / parmod

account open is when we check the clients details how much
payment withdrawl and diposit payment submit finaly update
statuse.

Is This Answer Correct ?    0 Yes 0 No

what is account opening and account closing??..

Answer / mohammad kausar

1- Following the going concern concept, what is the closing of last year becomes the opening of next year.

2-Carrying forward balances from one year to immediate next succeeding year is called account opening.

and netting of an account at month/quarter/year is called account closing.

Is This Answer Correct ?    0 Yes 0 No

what is account opening and account closing??..

Answer / ankur

whenever a transaction took place, the entry is very first
entered in a book called journal is accounting opening.
and whenever any entry passed to cancel its effect is
called accounting closing.

Is This Answer Correct ?    8 Yes 14 No

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