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Please tell me what is the journal entry of closing balance ?

Answers were Sorted based on User's Feedback



Please tell me what is the journal entry of closing balance ?..

Answer / maheshvarisetty

Stock a/c Dr
To Capital a/c

Is This Answer Correct ?    0 Yes 0 No

Please tell me what is the journal entry of closing balance ?..

Answer / guest

cash account dr
to closing balance account

Is This Answer Correct ?    1 Yes 3 No

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