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Question Practice

An opening entry is made primarily to transfer which type of information?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - I
Question Bank

An opening entry is made prima...

Single Answer MCQ
Q-00053555

An opening entry is made primarily to transfer which type of information?

1

Profit and loss for the year

2

Balance of relevant accounts

3

Ownership changes

4

Future forecasts

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