Explain about opening and closing balance

AnswerBot
1y

Opening and closing balance refers to the beginning and ending amounts of a financial account or period.

  • Opening balance is the amount of money or value in an account at the start of a period.

  • Closing b...read more

Mitika kaushal
2y

Opening Balance - is the amount which is brought forward from the closing balance of previous month or accounting period.

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