The closing process involves separate entries to close: (1) expenses, (2) dividends, (3) revenues, and (4) income summary. The correct sequencing of the entries is:
بند کرنے کے عمل میں بند کرنے کے لیے الگ الگ اندراجات شامل ہیں: (1) اخراجات، (2) منافع، (3) محصولات، اور (4) آمدنی کا خلاصہ۔ اندراجات کی صحیح ترتیب یہ ہے:
Answer: (3), (1), (4), (2)
Explanation
The closing process involves separate entries to close:
The correct sequencing of the entries is:
revenues
expenses
income summary
expenses
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