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

Explain how the following transactions would be recorded in a cash book with Cash and Bank columns? i) Deposit of cash into Bank ii) Withdrawal of money from Bank for office use iii) Deposit of cheques (received from others) into Bank iv) Dishonour of cheques deposited into Bank I need a detailed answer..thanks..

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please give a journal entry for purchase order

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Why we show always closing stock in credit?

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purchased books rs.50000 and paper 25000

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How to prepare balance sheet

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net worth is: 1)total assets less outside liabilities 2)total liabilities plus owner equity 3) current assets less current liabilities 4) total accumulated profit less liabilities choose correct and with deatail.

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Is profit & loss account assets or liability?

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any one provide me mm & fi configration steps

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what is the difference between NEFT and RTGS ?

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