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Financial Accounting – Closing Process
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Financial Accounting – Closing Process
Closing processes including three formats of the closing process helping us better understand accounting concepts
What you’ll learn
- Describe the closing process and its importance
- Perform closing process using one journal entry
- Perform closing process using two journal entries
- Perform closing process using three journal entries
- Describe the post closing trial balance
- Define temporary accounts and permanent accounts
- Understand fundamentals of Excel
