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P2 C5 Financial Statements of Business Organisations — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C5 Financial Statements of Business Organisations1 Mark
Question
What are closing entries?
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Answer

At the end of accounting year, journal Entries which are passed to closed account meansclosing entries. Closing entries are recorded in Journal Proper.

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