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Closing Entry

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyWhen closing debit balance of Profit and Loss Account which account will be credited?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a partner, which account is debited in the entry for distributing general reserve among the old partners in their old profit-sharing ratio?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhich account is debited when the credit balance of the Profit and Loss Account is closed on admission?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhen closing debit balance of Profit and Loss Account which account is credited?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhere is the final balance of Revaluation Account closed?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy