plz share me in the region of closing and adjust entries? Question: i mean for which accounts and how we journal
and adjusting entries plz christen the accounts and the method of
closing them.
There are different accounting closing entries for every type of common ledger account - (and every type of business!)
If you are not an accountant or accounting student you do not enjoy to worry going on for them.
Answers:
the account that have need of to be closed are revenue and expenses. Just reverse the journal. Revenue within debet, expenses in credit.
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