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Closing entries related to trading a/c will be explained in this lecture. Videos: L8 - Basics of Accounting | Purchases | Sales | Purchases Return | Sales Return | Class 11 Accounts - • L8 - Basics of Accounting | Purchases | Sa... L38 - Journal | Numerical Question - Part 2 | Modern Approach | Steps for Journalising | Accounting - • L38 - Journal | Numerical Question - Part ... L39 - Journal | Numerical Question | Journal Entry for Purchases Return | Journalising - • L39 - Journal | Numerical Question | Journ... L111 - Items to be Debited and Credited in Trading A/c | Format | Final Accounts - • L111 - Items to be Debited and Credited in... Topics covered: Closing entries Closing entries in accounting Meaning of closing entries What is meant by closing entry in accounts Closing entries in trading account Journal entry for transferring purchase return balance to purchases account Journal entry for transferring sales return balance to sales account Closing entry for transferring opening stock Journal entry for transferring direct expenses Closing entry for transferring purchases Closing entry for transferring sales to trading a/c Journal entry for closing stock Journal entry for transferring gross profit Journal entry if there is gross loss Where is the balance derived from trading a/c transferred Closing entry for items on dr. side of trading account Closing entry for items on cr. side of trading account #closingentriesintradingaccount #journalentries #accountsclass11 #camalvikasharma #StudyWithASmile #TheAccountancyHub Class 11 Accounts Class 11 Accounting Class 11 Accountancy Class 12 Commerce Non Commerce Basic Accounting Terms Basics of Accounting Financial Accounting CBSE ICSE PSEB BBA MBA CA foundation CA CMA CPA CFA B.Com M.Com