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    danerjnbaptiste's Avatar
    danerjnbaptiste Posts: 27, Reputation: 1
    New Member
    		  
    #1

    Nov 10, 2009, 05:33 PM
    Closing journal entries
    Need some clarification on journalised closing entries. Maybe a sample or a format or a website would be great . I need to no what entries go into this journal e.g.. Return inwards and outwards etc...
    haider78605's Avatar
    haider78605 Posts: 61, Reputation: 1
    Junior Member
    		  
    #2

    Nov 10, 2009, 07:27 PM

    You can find this in any book of accounting, both carriage inwards and outwards are expenses so they must be credited to close them.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #3

    Nov 12, 2009, 05:48 AM

    There is a sample of closing here:
    Principles of Accounting Chapter 4
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