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Special Purpose Books 2 Cash Book — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountSpecial Purpose Books 2 Cash Book1 Mark
Question
What is an opening entry?
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Answer

Opening entry is the entry made in the beginning of a financial year to open the books by debiting assets and crediting liabilities and capital, appearing in the Balance Sheet of the previous year.

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