Last day i tried to learn about adjustment entries and its journal ,
Then i came across the term called closing entries .
so i want to know if every adjustment entry have a closing entry ?
If so which book should i buy to learn those ?
Thanks
Waku39 (Sales man) (61 Points)
06 December 2020Last day i tried to learn about adjustment entries and its journal ,
Then i came across the term called closing entries .
so i want to know if every adjustment entry have a closing entry ?
If so which book should i buy to learn those ?
Thanks
Waku39
(Sales man)
(61 Points)
Replied 06 December 2020
OK, thanks for the reply .
I thought adjustment entries like these had to be closed before the start of next accounting year
So that is why the confusion ,
If that is not the case what exactly are closing entries ?
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 06 December 2020
Waku39
(Sales man)
(61 Points)
Replied 06 December 2020
OK , so there are only few accounts that needs Adjustment entries
Thanks
Waku39
(Sales man)
(61 Points)
Replied 06 December 2020
OK , so there are only few accounts that needs Adjustment entries
Thanks
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