Closing entries are generally passed:?

Accounting Mcqs
BILAL KHATTAK0

A. At the time of opening new books of account 
B. At the time of closing the accounts 
C. During the course of accounting period any time
D. After certification of accounts

Related Mcqs:

  1. Which of the following is true regarding closing entries??
  2. A chart of accounts generally start with which of the following types of accounts??
  3. The drawer of a trade bill passes relevant entries with regard to the transaction involved in it. But, in case of an accommodation bill, he passes an entry in addition to the usual entries. The additional entry so passed is with respect to?
  4. In automobile ignition system contact breaker is used for
  5. The process of recording is done??
  6. In mammals deglutition is affected by:
  7. Which of the following equations is correct??
  8. Capital expenditure is an expenditure which?
  9. Gross Profit is equal to_________??
  10. Closing stock in the Trial Balance implies that______________??

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