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  • Note di Apprendimento
  • Revisione degli argomenti
    Gabriel O.
    ML
    Gabriel O.

    Posting is the process of transferring amounts from the general journal to specific general journal accounts while entries are recorded in the ledger after the journal and the general ledger is often called the book of final entry .Closing entries are dated as of the last day of the account period,but they are entered into the accounts after the financial statement are prepared .

    Wendy C.
    AU
    Wendy C.

    Accounting periods necessitate the closing revenue and expense items to the Profit and Loss summary account

    Samuel F.
    ZA
    Samuel F.

    What is the difference between adjusting entries and closing entries?

    Samuel F.
    ZA
    Samuel F.

    How, when and why do you prepare closing entries?

    Harrison A.
    AT
    Harrison A.

    Posting is the process of transferring amounts from the general journal to specific general journal accounts while entries are recorded in the ledger after the journal and the general ledger is often called the book of final entry .Closing entries are dated as of the last day of the account period,but they are entered into the accounts after the financial statement are prepared .

    Harrison A.
    AT
    Harrison A.

    What is owners equity account ?

    Zachary B.
    US
    Zachary B.

    What do closing and post in. entries have to do with balan e day adjustments?

    Diamond T.
    US
    Diamond T.

    How, when and why do you prepare closing entries?

    Douglas R.
    US
    Douglas R.

    Posting and closing debit and credit could be clarified for understandability.

    Ardian R.
    flag-default-icon
    Ardian R.

    Closing entries are journal entries made at the end of an accounting period which transfer the balances of temporary accounts to permanent accounts.

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