1 / 5

Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance

Chapter 10. $. Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance. $. What You’ll Learn How to record closing entries in the general ledger. The purpose of a post-closing trial balance. How to prepare a post-closing trial balance. $. $.

helena
Télécharger la présentation

Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Chapter 10 $ Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance $ • What You’ll Learn • How to record closing entries in the general ledger. • The purpose of a post-closing trial balance. • How to prepare a post-closing trial balance. $ $

  2. Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance (cont'd.) Chapter 10 $ Why It’s Important A post-closing trial balance verifies that the closing entries are properly recorded in the general ledger and that you are ready to start the next accounting period. $ $ $ • Key Terms • post-closing trial balance

  3. Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance (cont'd.) Chapter 10 $ Completing the Eighth Step in the Accounting Cycle: Posting Closing Entries to the General Ledger $ $ $

  4. Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance (cont'd.) Chapter 10 $ The Ninth Step in the Accounting Cycle: Preparing a Post-Closing Trial Balance $ • Prepared to make sure total debits equal total credits after the closing entries are posted. $ $

  5. Section 2 Posting Closing Entries and Preparing a Post-Closing Trial Balance (cont'd.) Chapter 10 $ Check Your Understanding $ After the closing process,what types of accounts have balances other than zero, and what types of accounts have zero balances? $ $

More Related