subsidarry books - I — Accountancy STD 11 — Question
Tamilnadu BoardEnglish MediumSTD 11Accountancysubsidarry books - I2 Marks
Question
What is an opening entry?
✓
Answer
Journal entry made in the beginning of the current year with the balances of assets and liabilities of the previous year is opening journal entry. In this entry, asset accounts are debited, liabilities and capital accounts are credited.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.