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Module 1: Equilíbrio dia ajustes no diário geral e razão

Nota de Estudos
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Preparando a conta de resumo de ganhos e perdas

Set your study reminders

We will email you at these times to remind you to study.
  • Monday

    -

    7am

    +

    Tuesday

    -

    7am

    +

    Wednesday

    -

    7am

    +

    Thursday

    -

    7am

    +

    Friday

    -

    7am

    +

    Saturday

    -

    7am

    +

    Sunday

    -

    7am

    +

Accounting - Preparing the profit and loss summary account

Preparing the profit and loss summary account

The next step after closing the accounts is to post them to the Profit and
Loss summary account. This is done through the general journal, as follows.

General Journal


DATE
PARTICULARS
DEBIT
CREDIT

31 Mar.
Profit and Loss summary account
6 700

Cost of goods sold

4 800

Advertising

500

Wages

1 000

Rates

400

Credit sales
9 000

Profit and Loss summary account

9000

Closing entries

Profit and Loss summary account

This data is then posted in the form of totals to the Profit and Loss
summary account.

31 Mar.
Expenses
6 700
31 Mar.
Revenue
9 000

Capital
2 300

9 000

9 000

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