Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is the closing entry?

Answer Posted / sumitra

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

Is This Answer Correct ?    5 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is a ledger in regards to accounting?

1221


i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???

2012


we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?

2124


How to make a vat entry in books including setoff?

1091


i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial

2104


how we can calculate sundry debtors and crditors a/c?show some examples

5496


What is a business transaction in accounting?

1197


what is the Differed Tax Liability & How it is calculate ?

2451


Which kind of transactions are not recorded in the books of account?

1880


Tell us what is the abbreviation for the accounting terms debit and credit?

1163


Discuss the consistency concept in accounting

1140


Pls let me know Job profile for Account Manager.

2124


how to calculate the per unit cost of production

1784


Is buy or sale trade will impact on Nov? Yes/No Please explain.

1942


What will be a entry for TDS deducted on Salaries, Directors Remuneration and Rent.

35272