Closing entries are recorded in __________.

Cash book

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Ledger

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Journal Proper

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Balance Sheet

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Solution

The correct option is C Journal Proper
Journal is sub-divided into various subsidiary books such as Sales book, Purchase book, Cash book etc., The journal becomes the residuary book in which only those transactions are recorded that cannot be recorded in any other subsidiary book. This type of journal is called Journal Proper. The following types of entries are recorded in journal proper:
a. Closing entries
b. Opening entries
c. Rectification entries
d. Adjustment entries
e. Transfer entries etc.

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