'Close income summary' diaporamas de présentation

Completing the Accounting Cycle

Completing the Accounting Cycle. Chapter 4. Objective 1. Prepare an accounting worksheet. The Accounting Cycle. Process by which accountants prepare financial statements for an entity for a specific period of time. Accounting Cycle. The Accounting Worksheet.

654 views • 43 slides

Completing the Accounting Cycle

Completing the Accounting Cycle. Chapter 4. Objective 1. Prepare an accounting work sheet. The Accounting Cycle. Process by which accountants prepare financial statements for an entity for a specific period of time. Accounting Cycle. Objective 2. Use the work sheet.

574 views • 43 slides

Accounting Cycle

Adjust the accounts and prepare trial balance. Analyze and record the transactions. Post the transactions and prepare trial balance. Prepare the financial statements. Close the accounts and prepare trial balance. Accounting Cycle. Matching Principle.

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Closing Entries

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Completing the Accounting Cycle

Chapter 4. Completing the Accounting Cycle. Benefits of a Work Sheet. P 1. Aids the preparation of financial statements. Assists in planning and organizing an audit. Not a required report. Reduces possibility of errors. Helps in preparing interim financial statements.

290 views • 16 slides