Accounting Mcqs

Which of the following is true regarding closing entries?

(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

Submitted By: Ali Uppal

Share this... Share on Facebook
Facebook
 		Tweet about this on Twitter
Twitter
 		Share on LinkedIn
Linkedin
 		Share on Whatsapp
Whatsapp
  • IF YOU THINK THAT ABOVE POSTED MCQ IS WRONG.

  • PLEASE COMMENT BELOW WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION.

    • Related Mcqs

  • The velocity of sound in air would become double than its velocity at 0°C at temperature ?
  • The velocity of sound is greatest in___________________?
  • Velocity of sound in vacuum is ____________________?
  • According to Newton sound travel in air under the conditions of_____________________?
  • A stationary wave is set up in the air column of a closed pipe. At the closes end of the pipe _____________________?

    • Leave a Reply

    Your email address will not be published. Required fields are marked *

    Submit Your Mcqs


    Management Sciences


    Engineering Subjects


    Medical Subjects


    LIKE US ON