# Which of the following is true regarding closing entries? with Answer - Accounting Mcqs | TestPrep

> Solved MCQ: Which of the following is true regarding closing entries? Correct Answer: D. They must be made after the adjusting entries but before the reversing entries. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# Which of the following is true regarding closing entries?

Direct Answer & Quick Reference

The correct option is **D. They must be made after the adjusting entries but before the reversing entries**.

A. They must be followed by reversing entries

B. They transfer the balances in all of the Nominal Accounts to the Trading and Profit and Loss Account

C. They must be made after the reversing entries but before the adjusting entries

D. They must be made after the adjusting entries but before the reversing entries **(Correct Answer)**

✨ Explain with AI

Verified Key: D. They must be made after the adjusting entries but before the reversing entries
Solved by 1,857+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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