Question on: JSS1 Business studies - Journals

Which journal entry transfers temporary account balances to permanent accounts at the end of an accounting period?

View related lesson
A

Simple journal entry

B

Compound journal entry

C

Reversing journal entry

D

Closing journal entry

Ask EduPadi AI for a detailed answer
Correct Option: D

Add your answer

Notice: Please post responsibly.

Please share this, thanks!

No responses