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Sales A/c DR. XXX to Trading A/c XXX is an example of ?

A. Adjusting entry

B. Transaction entry

C. Closing entry

D. Opening entry.

E. Non of these.

Accounting Cost Accounting Financial Accounting Bank Accounting Costing
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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2015/02/07
Upvote (5) Views (19) Followers (20) Answers (20) Report Question
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Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

MMMM      C. Closing entry

Sahar Alech
by Sahar Alech , Auditor / Financial Manager , Accounting Services Office

It is a closing entry..........

Waqas Raza Khan
by Waqas Raza Khan , Accountant , Cold Store Group of Saudi Arabia

Option C- Closing entry.......................................

Asim Azaldeen Abdalrahman Mhammed
by Asim Azaldeen Abdalrahman Mhammed , Property Manager , TAAM PROPERTY

Option (C) is the correct answer

Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

I Agree with Sahar Alech :)

Gulfaz Sabir
by Gulfaz Sabir , Accounts Executive , Artistic Milliners

Sales Accounts Debited if its a Reversal of Sales or it Correction of wrong entry so it can be say that its a Adjusting Entry.

Mohammed Mohammed
by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store

C. Closing Entry ..............

Kaamila Tahseen
by Kaamila Tahseen , Change Management Team Manager , cognizant technology solutions

guessing, can it be a closing entry?

Ahmed Abd Alwahab Awad Ibrahim
by Ahmed Abd Alwahab Awad Ibrahim , Chief Accounting , ICCDP

Of course

C. Closing entry

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

C - Closing Enty .......................................................

Ezzidin Ibrahim
by Ezzidin Ibrahim , Financial Controller , Karim Food Industries

C. Closing entry, for the year end.

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