Closing date example sentences

the amount of assets and liabilities as at the closing date of the accounting period.The closing balance of the former account represents cash and bank balances on the closing date while in the latter account it indicates surplus or deficit from the activities of the enterprise.The closing balance of the former account represents cash and bank balances on the closing date while in the latter account it indicates surplus or deficit from the activities of the enterprise.The total amount standing to the favour of such persons and/or entities on the closing date, is shown in the Balance Sheet as sundry creditors on the liabilities side.In a manufacturing company, closing stock comprises raw materials, semi-finished goods and finished goods on hand on the closing date.The total amount standing against such persons and/or entities on the closing date, is shown in the balance sheet as sundry debtors on the asset side.