Module 5: Parachever le cycle comptable - Résumé | fr - 617 - 44383
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Résumé

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

    What are the procedures for summarizing completing the accounting cycle?

    Domingos Javela C.
    AO
    Domingos Javela C.

    In Summary, >The current ratio indicates the short-term debt-paying ability of a company. To find the current ratio, we divide current assets by current liabilities. > All revenue, expense, and Dividends accounts have zero balances and are not included in the post-closing trial balance, > The information needed to prepare the statement of Retained earning is in the statement of Retained Earnings columns of the work sheet. The ending Retained Earnings balance is carried forward to the balance sheet.

    Harrison D.
    NG
    Harrison D.

    in summary, the use of worksheets makes the work of an accountant easier in preparing the financial statement and also it makes planning straight forward for them. accounts not balanced at the end of an accounting period must be closed before transferring them to the financial statement, a balance sheet that contains all the detailed assets and liabilities of an organization is known as a classified balance sheet and the ability of a business to pay his current liabilities with their current assets is known as the current ratio.

    Sarah G.
    US
    Sarah G.

    The accounting cycle is necessary to run any business

    Rose R.
    PG
    Rose R.

    The accounting cycle consists of a series of steps that record financial transactions and produce financial statements. Some data entry steps may occur at any time during the accounting cycle, other transactions occur only during financial statement production. This process repeats itself for every accounting period, whether for large companies or small businesses. Large companies frequently divide these tasks in departments. A small company may make the entire cycle the responsibility of one bookkeeper.

    Zachary B.
    US
    Zachary B.

    What is a summary on how to complete the accounting cycle?

    Ibrahim J.
    GH
    Ibrahim J.

    how do we find current ratio?

    Kabiru A.
    NG
    Kabiru A.

    To completed Accountıng cycle for summarizing completing the accounting record closıng the cycle.

    Tosin D.
    NG
    Tosin D.

    the use of worksheets makes the work of an accountant easier in preparing the financial statement and also it makes planning straight forward for them. accounts not balanced at the end of an accounting period must be closed before transferring them to the financial statement, a balance sheet that contains all the detailed assets and liabilities of an organization is known as a classified balance sheet and the ability of a business to pay his current liabilities with their current assets is known as the current ratio.

    Tosin D.
    NG
    Tosin D.

    is there a way errors will not occur in preparing the financial statement of an organization

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