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Give an example for Closing Entry.

+1 vote

asked Mar 14, 2019 in Class 12 by kratos

Give an example for Closing Entry.

isc
cbse
class-11
single entry system
icse
class-12
accounts from incomplete records

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1 Answer

+4 votes

answered Jul 19, 2020 by kratos

Best answer

Trading a/c Dr ***

To opening stock a/c ***

(Being opening stock a/c closed by transferring to debit side of trading account)

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