Vision classes
- Books Name
- Vision classes Accountancy Book
- Publication
- Vision classes
- Course
- CBSE Class 11
- Subject
- Accountancy
Opening Entry
The balances of various accounts in balance sheet are carried forward from one accounting period to another accounting period. In fact, the balance sheet of an accounting period becomes the opening trial balance of the next accounting period. Next year an opening entry is made which opens these accounts contained in the balance sheet.
