Commerce Exam  >  Commerce Questions  >  Is opening entry compulsory to be balanced ,t... Start Learning for Free
Is opening entry compulsory to be balanced ,that is, should debit be equal to credit ? please answer this fast ...?
Most Upvoted Answer
Is opening entry compulsory to be balanced ,that is, should debit be e...
O/p entry is generally balanced. But in case credit is short capital account is used to balance it and if debit is short goodwill account is used to balance it.
Community Answer
Is opening entry compulsory to be balanced ,that is, should debit be e...
Generally it is balanced but in case it does not balance ....debit is short then it is goodwill
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Top Courses for Commerce

Is opening entry compulsory to be balanced ,that is, should debit be equal to credit ? please answer this fast ...?
Question Description
Is opening entry compulsory to be balanced ,that is, should debit be equal to credit ? please answer this fast ...? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Is opening entry compulsory to be balanced ,that is, should debit be equal to credit ? please answer this fast ...? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Is opening entry compulsory to be balanced ,that is, should debit be equal to credit ? please answer this fast ...?.
Solutions for Is opening entry compulsory to be balanced ,that is, should debit be equal to credit ? please answer this fast ...? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Is opening entry compulsory to be balanced ,that is, should debit be equal to credit ? please answer this fast ...? defined & explained in the simplest way possible. Besides giving the explanation of Is opening entry compulsory to be balanced ,that is, should debit be equal to credit ? please answer this fast ...?, a detailed solution for Is opening entry compulsory to be balanced ,that is, should debit be equal to credit ? please answer this fast ...? has been provided alongside types of Is opening entry compulsory to be balanced ,that is, should debit be equal to credit ? please answer this fast ...? theory, EduRev gives you an ample number of questions to practice Is opening entry compulsory to be balanced ,that is, should debit be equal to credit ? please answer this fast ...? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev