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Many students get confused between Opening Entry and Closing / Transfer Entry 🤔 This reel clearly explains: ✔️ What is an Opening Entry (Beginning of business books) ✔️ Why Income A/c → Profit & Loss A/c is a Transfer Entry ✔️ Why textbooks mention Closing Entry but exams expect Transfer Entry ✔️ CA / University / Board exam-safe explanation 📌 Watch till the end to avoid common exam mistakes in accounting. 📘 Presented by Accounts Classes by Karthick Balaraman #AccountingBasics #OpeningEntry #
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