Le processus de fermeture
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Le processus de fermeture

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  • Notes d'étude
  • Révisions du sujet
    Kangira J.
    UG
    Kangira J.

    Closing periods are very common in accounting departments. The closing process happens at least once a year, and it's a time when accountants are very busy clearing up issues, conducting reconciliations and correcting errors. Many accounting departments have specific procedures, including checklists and timelines, to make sure all transactions are performed and nothing falls through the cracks

    Domingos Javela C.
    AO
    Domingos Javela C.

    The Income summary account is a clearing account used at the end of an accounting period to summarise revenues, and expenses for the period. In accounting, we often refer to the process of closing as closing the books. Remember that only revenue, expenses and Dividends accounts are closed: not asset, liability, capital stock or retained earnings accounts.

    Harrison D.
    NG
    Harrison D.

    there are four basic step in the closing process and they are , 1 closing the revenue account. that is tranfering the balance in the revenue account to clearing account called income summary. 2, closing the expence account. that is transferring the balance in the expence account to a clearing account called income summary.3,closing the income summary account. that is transferring the balance in the income summary account to the retained earning account. 4, closing the devident account , that is transferring the balance of the devident account to the retained earning account.

    Harrison D.
    NG
    Harrison D.

    the accounting process is a series of activities that begins with a transaction and end with the closing of the book, because this process are repeated each reporting and recording period,the process are trial balance, adjusting entries, financial statment, closing journal entries and revising journal entries.

    Rose R.
    PG
    Rose R.

    The Closing entries are journal entries made at the end of an accounting period which transfer the balances of temporary accounts to permanent accounts. Closing entries are based on the account balances in an adjusted trial balance.

    Zachary B.
    US
    Zachary B.

    What is the closing process?

    Zachary B.
    US
    Zachary B.

    What is the closing process of the accounting cycle?

    Ibrahim J.
    GH
    Ibrahim J.

    THE FOUR BASIC STEPS IN THE CLOSING 1.closing the revenue accounts 2.closing the expenses accounts 3.closing the income summary account 4.closing the dividends account

    Kabiru A.
    NG
    Kabiru A.

    The closıng Accountıng to closıng all the books of recorded and process happens at least once a year, and it's a time when accountants are very busy clearing up issues, conducting reconciliations and correcting errors. Many accounting .

    Tosin D.
    NG
    Tosin D.

    temporary transactions contain open balances at the end of the accounting period which must be closed by either giving it a debit or credit entry,

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