To post the year-end closing entry See Also After you use the Close Income Statement batch job to generate the year-end closing entry or entries, you must open the journal you specified in the batch job, and then review and post the entries.To...
postclosing entries Step1 Analyze transactions Step2 Journalizethe dataabout transactions Step4 Prepare a worksheet Step5 Prepare financial statements Step6 Journalizeand postadjusting entriesStep8 Preparea postclosing trialbalance Step9 Interpret
To post the year end closing entry See also After you use the Close Income Statement batch job to generate the year-end closing entry or entries, you must open the journal you specified in the batch job, and then review and post the entries.提示...
To post the year end closing entry See Also After you use the Close Income Statement batch job to generate the year-end closing entry or entries, you must open the journal you specified in the batch job, and then review and post the entries.To...
Theclosing(结账) processgetsthe temporary/nominal accounts (临时性/虚账户) readyforthenext accountingperiod. Closingentries(结账分录) •Closingentries ---journalentriesmadeattheendofafiscal yeartoreducethebalancesofthe temporaryaccountstozero.
Explore what post-closing trial balance is, see its purpose and the difference from adjusted and unadjusted trial balance, and see examples of...
会计 Chapter04 Accounting Cycle (III) Closing Entries and Post-closing Trial Balance Chapter4 AccountingCycle(III):ClosingEntriesandPost- closingTrialBalance 2more“follow-up”steps ①theclosingprocedure;②preparationofapost-closingtrial balance.Inaccountingpractice,abusiness usuallymakesclosing...
Chapter4AccountingCycle(III):ClosingEntriesandPostclosingTrialBalance 2more“follow-up”steps ①theclosingprocedure;②preparationofapost-closingtrialbalance.Inaccountingpractice,abusinessusuallymakesclosingentriesonlyattheendofitsfiscalyear.ClosingEntries Reduceitsbalancetozero-debitingthe...
1、Chapter 4,Accounting Cycle (III): Closing Entries and Post-closing Trial Balance,2 more “follow-up” steps, the closing procedure; preparation of a post-closing trial balance. In accounting practice, a business usually makes closing entries only at the end of its fiscal year.,Closing Entr...
The process is the same as the previous trial balances. Now the ledger accounts just have post closing entry totals. Example After Paul’s Guitar Shop posted itsclosing journal entriesin the previous example, it can prepare this post closing trial balance. ...