Closing entries are generally passed -
A) At the time of opening new books of account .
B) At the time of closing the accounts.
C) During the course of accounting period any time .
D) After certification of accounts
Correct Answer:
Verified
Q2: Closing stock appearing in the Trial Balance
Q3: Depreciation Account appearing in the Trial Balance
Q4: Profit on sale of old plant is
Q5: Carriage on goods purchased is shown in
Q6: Which of these is not an operating
Q7: ABC holds an average inventory of `
Q8: From the following details what will be
Q9: From the following details what will be
Q10: Arrangement of Balance Sheet in a logical
Q11: Improper valuation of inventory effects-
A)Profitability .
B)Financial position
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