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متابعة

Which of the following is true regarding closing enteries?

 (a) They must be followed by reversing entries

(b) They transfer the balances in all of the Nominal Accounts to the Trading and Profit and Loss Account

(c) They must be made after the reversing entries but before the adjusting entries

(d) They must be made after the adjusting entries but before the reversing entries

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تم إضافة السؤال من قبل Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate
تاريخ النشر: 2015/03/11
Syed Ali Zeeshan ACCA
من قبل Syed Ali Zeeshan ACCA , Assistant Manager Accounts - Receivable , Maxim International (Pvt.) Limited

(b) They transfer the balances in all of the Nominal Accounts to the Trading and Profit and Loss Account