Get premium membership and access questions with answers, video lessons as well as revision papers.

Distinguish between opening and closing valuation.

      

Distinguish between opening and closing valuation.

  

Answers


Kavungya
Opening valuation is the total value of all assets in the firm/ business by beginning of financial year while closing valuation is the total value of assets in the firm/ business by the end of financial year.
Kavungya answered the question on October 17, 2019 at 09:07


Next: The following information was extracted from the farm records of Mukulu farm, as at 31/12/2014. Prepare profit and loss account for Mukulu farm using the above...
Previous: State two reasons why drenching alone is not an effective method of controlling liver fluke.

View More Agriculture Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions