At the end of the financial year, prepare the general journal to close out the ledger accounts

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At the end of the financial year, prepare the general journal to close out the ledger accounts to the trading account in the general ledger. Post the journal to the T accounts shown in figure 9.9. image text in transcribed

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Accounting An Introduction To Principles And Practice

ISBN: 9780170403832

9th Edition

Authors: Edward A. Clarke, Michael Wilson

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Question Posted: Feb 23, 2024 03:01 PM

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At the end of the financial year, prepare the general journal to close out the ledger accounts

Question:

Inventory Balance [opening] 2000 Balance Customs Duty 600 Balance Balance Trading Purchases 15 000 Freight Inwards 400

Step by Step Answer:

Here are the closing journal entries presented in a table format Date ...View the full answer

Accounting An Introduction To Principles And Practice

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