Closing Transfers Grade 10 Accounting
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A Game reinforcing the concepts of closing transfers in a Sole Trader
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Topics of this game:
- Which accounts are closed off to your trading account?
- Where do we close off Fee Income to?
- Drawings are closed off to which account?
- Debtors Allowances are closed off to which account?
- The balancing figure for the Trading Account is....
- Profit and Loss Account is closed off to....
- Most Closing transfers are used in order to close off which section of your accounts?
- Which journal is used to record closing transfers?
- The journal to close off Debtors Allowances is...
- The journal used to close off Sales is ...
- The journal used to close off the Trading Account is...
- The journal used to close off an expense account is...
- Are closing transfers done before or after adjustments?
- Which shows the Gross Profit of the business?
- The Trial Balance we use to closing transfers is called..
