Month end closing entries with example



Month end closing entries with example..

Answer / ravishankar

for Expenses: Profit and loss a/c Dr
TO Expenses
for Incomes: Incomes a/c Dr
To profit and loss a/c
for assets&: Liabilities transferred to Balance sheet

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

How do you prepare mis reports?

0 Answers  


Define "book value" as applied to accounting

0 Answers  


what is depriciation?explain all methods of depriciation?and give more dwtais about depriciation?

5 Answers  


Can any body missuses the pass book of a saving account in a bank in India? I mean in case some body steal a pass book, can the account be stolen too?

4 Answers   State Bank Of India SBI,


SALES BOOK IS A PART OF

1 Answers  






if profit increase by 25percente, how much consumtion level ll be decrease to kept cost of goods sold same?

1 Answers  


hai, friends am new to sap and i need a sap fico resume any one have plz forward to my mail plz with min 3+ years exp any sap FICO resume mail ID- srinu.gurram@gmail.com

1 Answers  


How can i learn shortly Tally from computer coz, i want to take a company Balance Sheet

0 Answers  


Dear sir , 1-what is diffrence local tax & vat 2 what is sales tax challan & return due date(monthly & quartly, annually) 3- what is service tax challan & return due tae

1 Answers   Asian Paints,


if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year

0 Answers  


What do you mean by the term Accounts Payables/ Receivables?

4 Answers  


can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?

0 Answers  


Categories